97 S Spring St #708PensacolaFL32502
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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
Total monthly income runs $2,243/mo, and a $5,615/mo payment. Purchase price stands at $1,147,125, and rental yield measures 2.35% with $2,243/mo rent. Return on cash invested shows -0.43% in year one, and 5% annual appreciation builds toward $316,929 over five years. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,243/mo property income covering a $5,615/mo payment rather than investor’s personal income.
Condo
Built in 2023
2 Acres lot
$N/A/sqft
$12,864 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32502, Pensacola, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,918 (100%) |
| Owner Occupied HU | 1,203 (41.2%) |
| Renter Occupied HU | 1,192 (40.8%) |
| Vacant Housing Units | 523 (17.9%) |
| Median Home Value | $326,471 |
| Average Home Value | $396,199 |
Housing Distribution
Address Breakdown
Residential
2,840
Single Family
2,705
Multi-Family
135
Businesses
1,144
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Listed by: Christina Brunet Sabastia • Levin Rinke Realty
Mls Name: PAR
Mls Provider:
Mls ID: #613730
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