793 Backwater RdPort Saint JoeFL32456
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
Rental property for sale in Port Saint Joe at 793 Backwater Rd, Port Saint Joe, FL, 32456 priced at $599,000 converts $3,629/mo rent into after a $2,932/mo obligation. Total monthly income equals $3,629/mo. Return on cash invested prints 17.95% in year one, and rental yield reads 7.27% against a $599,000 entry. Equity gained on principal adds $3,865/yr, while 5% annual appreciation compiles into $165,493 by year five. Five-year ROI reaches 92.9% and total cumulative return in cash sums $183,082. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,629/mo property income covering a $2,932/mo payment, not borrower’s personal income.
Single Family
Built in 2023
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32456, Port Saint Joe, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,898 (100%) |
| Owner Occupied HU | 3,107 (45.0%) |
| Renter Occupied HU | 755 (10.9%) |
| Vacant Housing Units | 3,036 (44.0%) |
| Median Home Value | $381,495 |
| Average Home Value | $519,804 |
Housing Distribution
Address Breakdown
Residential
4,651
Single Family
4,470
Multi-Family
181
Businesses
390
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: James Cazares • JECC Air, LLC
Mls Name: Forgotten Coast Realtor Association
Mls ID: #321846