961 Northshore DrMiramar BeachFL32550
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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
Rental property for sale in Miramar Beach at 961 Northshore Dr, Miramar Beach, FL, 32550 generates $4,679/mo in rent, after a $6,779/mo payment. Total monthly income is $4,679/mo. Return on cash invested sits at 6.76% in year one, and rental yield is 4.05% on a $1,385,000 entry. Equity gained on principal adds $8,937/yr, while 5% annual appreciation builds toward $382,650 over five years. Five-year ROI reaches 33.39% and total cumulative return in cash sums $149,846. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,679/mo property income rather than buyer’s personal income.
Single Family
Built in 1992
N/A lot
$N/A/sqft
$577 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32550, Destin, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,233 (100%) |
| Owner Occupied HU | 3,366 (20.7%) |
| Renter Occupied HU | 679 ( 4.2%) |
| Vacant Housing Units | 12,188 (75.1%) |
| Median Home Value | $825,589 |
| Average Home Value | $966,125 |
Housing Distribution
Address Breakdown
Residential
11,463
Single Family
5,332
Multi-Family
6,131
Businesses
832
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Listed by: Tula A Tucker • Beachy Beach Real Estate
Mls Name: CPAR
Mls Provider:
Mls ID: #775582
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.