903 NW Avenue A #2CarrabelleFL32322
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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 Carrabelle at 903 NW Avenue A #2, Carrabelle, FL, 32322 earns $50/mo cash flow from $1,875/mo rent with a $1,346/mo payment. Total monthly income totals $1,875/mo, and annual cash flow totals $600/yr on $91,163 capital. ROI tracks 20.57% on current figures, and rental yield reads 8.18% at a $275,000 purchase. Equity gained on principal adds $1,775/yr, and 5% annual appreciation supports $75,977 over five years. Five-year ROI reaches 107.03% and total cumulative return in cash sums $97,571. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,875/mo property income instead of your personal income.
Condo
Built in 1980
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32322, Carrabelle, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,128 (100%) |
| Owner Occupied HU | 1,126 (52.9%) |
| Renter Occupied HU | 270 (12.7%) |
| Vacant Housing Units | 732 (34.4%) |
| Median Home Value | $286,000 |
| Average Home Value | $447,087 |
Housing Distribution
Address Breakdown
Residential
1,357
Single Family
1,357
Multi-Family
0
Businesses
122
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Listed by: Paige Joseph • Anchor Realty Florida
Mls Name: Forgotten Coast Realtor Association
Mls ID: #324144