885 Seascape Dr UNIT 313Miramar BeachFL32550
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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 $3,376/mo, and a $3,079/mo payment. Purchase price stands at $629,000, and rental yield measures 6.44% with $3,376/mo rent. Return on cash invested shows 15.43% in year one, and 5% annual appreciation builds toward $173,781 over five years. Five-year ROI reaches 79.38% and total cumulative return in cash records $164,277. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,376/mo property income covering a $3,079/mo payment rather than investor’s personal income.
Condo
Built in 1997
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32550, Destin, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,233 (100%) |
| Owner Occupied HU | 3,366 (20.7%) |
| Renter Occupied HU | 679 ( 4.2%) |
| Vacant Housing Units | 12,188 (75.1%) |
| Median Home Value | $825,589 |
| Average Home Value | $966,125 |
Housing Distribution
Address Breakdown
Residential
11,463
Single Family
5,332
Multi-Family
6,131
Businesses
832
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Listed by: Donna M Cates • The Premier Property Group
Mls Name: ECAOR
Mls ID: #987352