775 Gulf Shore Dr UNIT 1002DestinFL32541
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Destin at 775 Gulf Shore Dr UNIT 1002, Destin, FL, 32541 uses $98,787 cash to close to unlock $660/yr annual cash flow and $55/mo monthly cash flow. Total monthly income runs $2,033/mo, and a $1,459/mo payment keeps the spread at $55/mo. Purchase price stands at $298,000, and rental yield measures 8.19% with $2,033/mo rent. Return on cash invested shows 20.58% in year one, and 5% annual appreciation builds toward $82,332 over five years. Five-year ROI reaches 107% and total cumulative return in cash records $105,704. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,033/mo property income covering a $1,459/mo payment rather than investor’s personal income.
Condo
Built in 1976
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32541, Destin, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,791 (100%) |
| Owner Occupied HU | 5,904 (35.2%) |
| Renter Occupied HU | 2,755 (16.4%) |
| Vacant Housing Units | 8,132 (48.4%) |
| Median Home Value | $564,888 |
| Average Home Value | $744,336 |
Housing Distribution
Address Breakdown
Residential
15,355
Single Family
8,027
Multi-Family
7,328
Businesses
1,388
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