1101 Ocean Marina Dr #201Flagler BeachFL32136
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment property for sale in Flagler Beach at 1101 Ocean Marina Dr #201, Flagler Beach, FL, 32136 uses $91,163 cash to close to unlock $1,257/yr annual cash flow and $105/mo monthly cash flow. Total monthly income runs $2,068/mo, and a $1,346/mo payment keeps the spread at $105/mo. Purchase price stands at $275,000, and rental yield measures 9.02% with $2,068/mo rent. Return on cash invested shows 21.29% in year one, and 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 111.48% and total cumulative return in cash records $101,627. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,068/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Condo
Built in 1988
871.20 sqft lot
$N/A/sqft
$415 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32136, Flagler Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,295 (100%) |
| Owner Occupied HU | 4,052 (64.4%) |
| Renter Occupied HU | 788 (12.5%) |
| Vacant Housing Units | 1,455 (23.1%) |
| Median Home Value | $506,713 |
| Average Home Value | $557,530 |
Housing Distribution
Address Breakdown
Residential
5,004
Single Family
4,677
Multi-Family
327
Businesses
427
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Katie Marriott • Realty Pros Assured
Mls Name: DBAMLS
Mls Provider:
Mls ID: #1213789
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.