847 Backwater RdPort Saint JoeFL32456
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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 Port Saint Joe at 847 Backwater Rd, Port Saint Joe, FL, 32456 listed at $529,000 pairs $5,670/mo rent with a $2,589/mo payment to leave $1,996/mo cash flow. Total monthly income runs $5,670/mo, and annual cash flow reaches $23,956/yr on $174,041 cash to close. Return on cash invested measures 33.82% in year one, and rental yield registers 12.86% at a $529,000 basis. Equity gained on principal adds $3,414/yr, and annual property appreciation at 5% supports $146,153 by year five. Five-year ROI tracks 178.44% and total cumulative return in cash totals $310,553. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,670/mo property income relative to a $2,589/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2023
5,706 sqft lot
$N/A/sqft
$490 quarterly 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
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Listed by: Susan Peloquin • Coastal Realty Group - Port St. Joe
Mls Name: Forgotten Coast Realtor Association
Mls Provider:
Mls ID: #318552
Disclaimer: Property information provided by the RAFGC MLS a service of the REALTOR Association of Franklin & Gulf Counties. IDX information is provided exclusively for consumers personal, non-commercial use, and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS.