115 E Colonial Ct APT CIndian 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
Investment property for sale in Indian Harbour Beach at 115 E Colonial Ct APT C, Indian Harbour Beach, FL, 32937 uses $49,394 cash to close to unlock $3,951/yr annual cash flow and $329/mo monthly cash flow. Total monthly income runs $2,137/mo, and a $729/mo payment keeps the spread at $329/mo. Purchase price stands at $149,000, and rental yield measures 17.21% with $2,137/mo rent. Return on cash invested shows 27.91% in year one, and 5% annual appreciation builds toward $41,166 over five years. Five-year ROI reaches 153.6% and total cumulative return in cash records $75,868. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,137/mo property income covering a $729/mo payment rather than investor’s personal income.
Condo
Built in 1964
2,178 sqft lot
$N/A/sqft
$744 monthly 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: Greg Jean-Denis • Jano Properties, LLC
Mls Name: Space Coast AOR
Mls ID: #974839
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.