911 NE 7th StCarrabelleFL32322
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 Carrabelle at 911 NE 7th St, Carrabelle, FL, 32322 uses $107,738 cash to close to unlock $9,804/yr annual cash flow and $817/mo monthly cash flow. Total monthly income runs $2,974/mo, and a $1,591/mo payment keeps the spread at $817/mo. Purchase price stands at $325,000, and rental yield measures 10.98% with $2,974/mo rent. Return on cash invested shows 29.01% in year one, and 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 152.22% and total cumulative return in cash records $163,993. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,974/mo property income covering a $1,591/mo payment rather than investor’s personal income.
Single Family
Built in 2022
9,583 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Carlotta Stauffer • Stauffer Realty, LLC
Mls Name: Forgotten Coast Realtor Association
Mls ID: #324950