848 Tropic AveFort Walton BeachFL32548
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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
Rental property for sale in Fort Walton Beach at 848 Tropic Ave, Fort Walton Beach, FL, 32548 priced at $975,000 converts $4,798/mo rent into after a $4,772/mo obligation. Total monthly income equals $4,798/mo. Return on cash invested prints 13.8% in year one, and rental yield reads 5.91% against a $975,000 entry. Equity gained on principal adds $6,292/yr, while 5% annual appreciation compiles into $269,375 by year five. Five-year ROI reaches 70.66% and total cumulative return in cash sums $226,671. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,798/mo property income covering a $4,772/mo payment, not borrower’s personal income.
Single Family
Built in 2025
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32548, Fort Walton Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,809 (100%) |
| Owner Occupied HU | 6,240 (45.2%) |
| Renter Occupied HU | 4,003 (29.0%) |
| Vacant Housing Units | 3,566 (25.8%) |
| Median Home Value | $391,243 |
| Average Home Value | $470,098 |
Housing Distribution
Address Breakdown
Residential
12,091
Single Family
10,031
Multi-Family
2,060
Businesses
1,348
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Listed by: Meghan Hall Team • Keller Williams Realty Emerald
Mls Name: CPAR
Mls ID: #781823