89 4th Ave #AShalimarFL32579
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
Investment property for sale in Shalimar at 89 4th Ave #A, Shalimar, FL, 32579 offers a 9.76% rental yield on a $242,900 purchase with $1,976/mo rent. Total monthly income registers $1,976/mo, and a $1,189/mo payment leaves $364/mo available for distribution. Annual cash flow reaches $4,367/yr on $80,521 to close, and return on cash invested stands at 25.33% in year one. Equity gained on principal adds $1,567/yr while 5% annual appreciation supports $67,109 over five years. Portfolio math shows five-year ROI at 132.52% and total cumulative return in cash at $106,705. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,976/mo property income against a $1,189/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1984
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32579, Shalimar, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,871 (100%) |
| Owner Occupied HU | 3,192 (65.5%) |
| Renter Occupied HU | 1,384 (28.4%) |
| Vacant Housing Units | 295 ( 6.1%) |
| Median Home Value | $499,269 |
| Average Home Value | $603,446 |
Housing Distribution
Address Breakdown
Residential
4,903
Single Family
4,280
Multi-Family
623
Businesses
321
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Guy Willis • Navarre Beach Realty, Inc.
Mls Name: Navarre Area BOR
Mls Provider:
Mls ID: #977587
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.