775 Gulf Shore Dr UNIT 3214DestinFL32541
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 3214, Destin, FL, 32541 uses $122,324 cash to close to unlock $2,068/yr annual cash flow and $172/mo monthly cash flow. Total monthly income runs $2,621/mo, and a $1,806/mo payment keeps the spread at $172/mo. Purchase price stands at $369,000, and rental yield measures 8.52% with $2,621/mo rent. Return on cash invested shows 21.6% in year one, and 5% annual appreciation builds toward $101,948 over five years. Five-year ROI reaches 112.52% and total cumulative return in cash records $137,643. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,621/mo property income covering a $1,806/mo payment rather than investor’s personal income.
Condo
Built in 1986
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices