1005 Ashley AveIndian Harbour BeachFL32937
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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 Indian Harbour Beach at 1005 Ashley Ave, Indian Harbour Beach, FL, 32937 generates $2,303/mo in rent and, after a $1,162/mo payment, leaves $727/mo in cash flow. Total monthly income is $2,303/mo, and annual cash flow is $8,728/yr on $78,731 invested. Return on cash invested sits at 31% in year one, and rental yield is 11.64% on a $237,500 entry. Equity gained on principal adds $1,533/yr, while 5% annual appreciation builds toward $65,617 over five years. Five-year ROI reaches 162.92% and total cumulative return in cash sums $128,265. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,303/mo property income rather than buyer’s personal income.
Townhouse
Built in 1978
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32937, Satellite Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,207 (100%) |
| Owner Occupied HU | 9,838 (69.2%) |
| Renter Occupied HU | 2,495 (17.6%) |
| Vacant Housing Units | 1,874 (13.2%) |
| Median Home Value | $498,245 |
| Average Home Value | $575,100 |
Housing Distribution
Address Breakdown
Residential
12,570
Single Family
10,758
Multi-Family
1,812
Businesses
1,010
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Listed by: Gary R Altizer • Lokation Real Estate
Mls Name: Space Coast AOR
Mls ID: #1061655