Income-Producing Crestview Home | $1,600/mo Rental | New Roof 2022 | Fenced Yard + Firepit Patio. If you're searching for a property that combines immediate rental income, recent major upgrades, and long-term potential, this Crestview home deserves your attention.Welcome to 969 Dixie Street, a property offering flexibility for both buyers looking for a primary residence and investors seeking a performing rental in one of Northwest Florida's steadily growing housing markets.Currently producing $1,600 per month in rental income, this property provides an opportunity to acquire a home that is already working for its owner. With a tenant in place, the next buyer can benefit from immediate income while planning future options for the property. Imagine ending the day on your covered back porch, watching the fire glow in your backyard firepit while enjoying the quiet comfort of home. Welcome to 969 Dixie Street in Crestview, a property that offers both lifestyle appeal and investment opportunity in one of Okaloosa County's steadily growing communities. Currently producing $1,600 per month in rental income, this home offers flexibility for buyers looking for an income-producing property or those planning for future homeownership. With a tenant already in place, the next owner has the opportunity to benefit from immediate rental income while considering long-term plans for the property. One of the most valuable updates has already been completed with a new roof installed in 2022, providing peace of mind and helping reduce one of the most significant maintenance expenses for future owners. Inside the home, the kitchen features granite countertops, adding both durability and an updated look to the space. Granite surfaces continue to be one of the most sought-after features in homes today, offering both beauty and long-lasting functionality. The home's layout provides comfortable living space designed for everyday living while allowing the next owner the opportunity to personalize or enhance the property over time. Step outside and you'll discover one of the most inviting features of this property--the spacious fenced backyard designed for relaxing and enjoying outdoor living. The covered back porch offers a shaded space where you can sit and unwind while overlooking the backyard. Just beyond the porch, a dedicated outdoor firepit area with surrounding concrete creates the perfect setting for cool evenings, gathering with friends, or simply enjoying a peaceful night under the Florida sky. Whether it's roasting marshmallows, enjoying quiet evenings outdoors, or hosting a casual weekend get-together, this backyard space offers a place where memories can easily be made. The large fenced yard provides both privacy and versatility, offering plenty of room for outdoor activities, pets, gardening, or additional outdoor seating areas. Outdoor living is an important part of life in Northwest Florida, and this property offers the kind of backyard space that many buyers are actively searching for. Located in Crestview, the county seat of Okaloosa County, the area has continued to grow as more buyers discover the value and accessibility the community offers. Crestview provides convenient access to Interstate 10, making it easy to travel throughout the region while remaining connected to nearby employment centers and the beautiful Emerald Coast beaches. The city is part of the Crestview-Fort Walton Beach-Destin metropolitan area, a region known for its strong economy supported by military installations, defense contractors, healthcare, and tourism. This economic stability has helped maintain consistent housing demand in the area, making Crestview attractive not only to homeowners but also to investors looking for long-term rental opportunities. For investors, the property's current $1,600 monthly rental income offers immediate cash flow potential while owning property in a market that continues to attract new residents. For buyers considering homeownership, the property also represents an opportunity to own a home that already features meaningful updates such as granite countertops, a fenced backyard with firepit , and a recently installed roof (2022). Other updates include new LVP flooring in 2024, new paneled doors, and toilets. Homes that combine practical upgrades, outdoor space, and affordability are becoming increasingly desirable as buyers search for properties that offer both comfort and long-term value. 969 Dixie Street offers exactly that combination, a home with existing improvements, income potential, and outdoor living space designed for relaxation. Due to the home being tenant occupied, showings are available by appointment to respect tenant privacy. Buyers looking for a property that offers investment opportunity, outdoor living, and room to enjoy the Florida lifestyle will want to explore everything this Crestview home has to offer. Schedule your showing today to see the potential of 969 Dixie Street.
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
