903 NW Avenue ACarrabelleFL32322
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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
Rental property for sale in Carrabelle at 903 NW Avenue A, Carrabelle, FL, 32322 offers $1,612/mo rent that, after a $1,170/mo payment, leaves $26/mo cash flow. Total monthly income is $1,612/mo, and annual cash flow is $309/yr on $79,229 cash. Return on cash invested measures 20.3% in year one, and rental yield stands at 8.09% at a $239,000 entry. Equity gained on principal adds $1,542/yr while 5% annual appreciation compounds into $66,031 by year five. Five-year ROI records 105.52% and total cumulative return in cash reaches $83,604. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,612/mo property income versus a $1,170/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
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: Amanda S Laudadio • Hill Spooner & Elliott Inc
Mls Name: TBR
Mls ID: #395051