940 Highway 98 E UNIT 82DestinFL32541
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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 Destin at 940 Highway 98 E UNIT 82, Destin, FL, 32541 offers a 6.02% rental yield on a $604,000 purchase with $3,030/mo rent. 96% in year one. Equity gained on principal adds $3,898/yr while 5% annual appreciation supports $166,874 over five years. Portfolio math shows five-year ROI at 46.59% and total cumulative return in cash at $92,588. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,030/mo property income against a $2,956/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1974
N/A lot
$N/A/sqft
$860 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32541, Destin, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,791 (100%) |
| Owner Occupied HU | 5,904 (35.2%) |
| Renter Occupied HU | 2,755 (16.4%) |
| Vacant Housing Units | 8,132 (48.4%) |
| Median Home Value | $564,888 |
| Average Home Value | $744,336 |
Housing Distribution
Address Breakdown
Residential
15,355
Single Family
8,027
Multi-Family
7,328
Businesses
1,388
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Listed by: Terry G Tallent • Aquatic Resort Properties Inc
Mls Name: ECAOR
Mls Provider:
Mls ID: #965386
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. Member number: 28189