874 Venus Ct UNIT 203Fort 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
Total monthly income runs $2,190/mo, and a $7,337/mo payment. Purchase price stands at $1,499,000, and rental yield measures 1.75% with $2,190/mo rent. Return on cash invested shows 1.2% in year one, and 5% annual appreciation builds toward $414,146 over five years. Five-year ROI reaches 3.03% and total cumulative return in cash records $14,733. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,190/mo property income covering a $7,337/mo payment rather than investor’s personal income.
Condo
Built in 2007
N/A 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: At The Beach Team • Keller Williams Realty Destin
Mls Name: ECAOR
Mls ID: #986211