Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Copied
Photo
Copied
Photo
Photo
Photo
Photo
See all photos

$450,000

For Sale - Active
223 Paradise Palm Cir, Crestview, FL 32536
5 Beds
4 Baths
3,356 Square Feet
0.25 Acres Lot
Built in 2013
For Sale - Active
1 Units
Checked: 12 hours ago
Updated: Oct 04, 2025 at 10:24AM

Investment Summary


Monthly Cash Flow
-$845
Cap Rate
3.9%
Cash-on-Cash Return
-9.8%
Debt Coverage Ratio
0.63
Internal Rate of Return (5 years)
-5.5%

Property Description


0.25 Acres Lot
Built in 2013
For Sale - Active
1 Units

Welcome to 223 Paradise Palm Circle — Your Dream Home Awaits! This stunning move-in ready home offers the perfect blend of comfort, convenience, and charm — tucked inside the beautiful and family-friendly Liberty Oaks community. Featuring spacious bedrooms, beautiful bathrooms, and a bright, open-concept layout, this home is ideal for first-time buyers, growing families, or military relocations. Step into a modern kitchen with stainless steel appliances, granite countertops, and plenty of cabinet space — perfect for cooking and entertaining! The large master suite offers a walk-in closet and a private ensuite bathroom for your own personal retreat. Enjoy relaxing afternoons on the covered back patio or take a stroll around the quiet neighborhood. Location Highlights: Only 28 minutes to Eglin Air Force Base – an easy and convenient commute for military personnel! Less than 10 minutes to schools, grocery stores, restaurants, and shopping. Close to Twin Hills Park, Downtown Crestview, and just a short drive to the beautiful beaches of Destin and Navarre. Quick access to I-10, making travel across the Panhandle a breeze. The community features sidewalks and a tons of greenery making it perfect for families who value connection and outdoor fun. Don’t miss your chance to own this incredible home in one of Crestview’s most sought-after neighborhoods. Whether you're PCS'ing to Eglin or looking for a peaceful place to settle down — 223 Paradise Palm Circle is calling your name! ?? Schedule your private showing today and make this paradise your reality!

Build Your Team


Quickly find investor-friendly professionals who can help you succeed in real estate investing at any stage of the investing journey.

Avatar
Avatar
Avatar

Agents

Match with investor-friendly agents who can help you find, analyze, and close your next deal

Find an Agent
Avatar
Avatar
Avatar

Lenders

Get the best funding…find investor-friendly lenders who specialize in your deal strategy

Find a Lender
Avatar
Avatar
Avatar

Property Managers

Transition to passive investing. Find a trusted property management partnership that lasts.

Find a Property Manager
Avatar
Avatar
Avatar

Tax Pros & Accountants

Taxes and financial reporting made easy—find experts to create tax savings strategies, file taxes, and more

Find a Tax Pro

Location


Property Details


Parking

  • Description: Garage
  • Details: Attached
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 5

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Partial): 1
  • # of Baths (Total): 4.0

Interior Features

  • # of Rooms: 3
  • # of Stories: 1
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Brick
  • Foundation: Slab
  • Roof Type: IRR/Cathedral
  • Roof Material: Shingle

HOA

  • Has HOA: Yes
  • Association: Matt Kurth
  • HOA Fee: $100/annually
  • Additional Association: NWFL

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 123N240800000A0060
  • Lot Size: 10890 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 2013

Tax Information

  • Annual Tax: $3,089

Utilities

  • Water & Sewer: Public
  • Heating: Electric
  • Cooling: Central Air

Location

  • County: Okaloosa

Listing Details


Listed by:
Elena Ward
LPT REALTY LLC
(813) 843-4018

Source:
Stellar MLS
MLS#: TB8406029
Stellar MLS

Investment Summary


Monthly Cash Flow
-$845
Cap Rate
3.9%
Cash-on-Cash Return
-9.8%
Debt Coverage Ratio
0.63
Internal Rate of Return (5 years)
-5.5%

Purchase Details

Find an Agent

Purchase price:
$450,000
Amount financed:
-$360,000
Down payment:
$90,000
Closing costs:
$13,500
Rehab costs:
$0
Initial cash invested:
$103,500
Square feet:
3,356
Cost per square foot:
$134
Monthly rent per square foot:
$0.74

Financing Details

Find a Lender

Loan amount:
$360,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,305
Property tax:
$257
Insurance:
$175
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,737

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$2,500 $30,000
Vacancy loss: (6%)
6% -$150 -$1,800
Operating income:
$2,350 $28,200

Operating Expenses


% Rent Monthly Yearly
Property taxes: (10%)
10%-$257-$3,089
Insurance: (7%)
7%-$175-$2,100
Property management: (8%)
8%-$200-$2,400
Repairs & maintenance: (5%)
5%-$125-$1,500
Capital expenditures: (5%)
5%-$125-$1,500
HOA fees: (0%)
0%-$8-$96
Total operating expenses: (36%)
36%-$890-$10,685

Cash Flow


Monthly Yearly
Net operating income:
$1,460 $17,520
Mortgage payments:
-$2,305 -$27,660
Cash flow:
-$845 -$10,140