1216 Chipewa DrBarefoot BayFL32976
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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 Barefoot Bay at 1216 Chipewa Dr, Barefoot Bay, FL, 32976 offers a 10.63% rental yield on a $197,900 purchase with $1,753/mo rent. Total monthly income registers $1,753/mo, and a $969/mo payment leaves $338/mo available for distribution. Annual cash flow reaches $4,057/yr on $65,604 to close, and return on cash invested stands at 26.09% in year one. Equity gained on principal adds $1,277/yr while 5% annual appreciation supports $54,676 over five years. Portfolio math shows five-year ROI at 137.35% and total cumulative return in cash at $90,105. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,753/mo property income against a $969/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1995
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32976, Sebastian, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,871 (100%) |
| Owner Occupied HU | 5,046 (73.4%) |
| Renter Occupied HU | 605 ( 8.8%) |
| Vacant Housing Units | 1,220 (17.8%) |
| Median Home Value | $149,704 |
| Average Home Value | $220,074 |
Housing Distribution
Address Breakdown
Residential
6,657
Single Family
6,614
Multi-Family
43
Businesses
108
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Listed by: Deborah Oldakowski • Debbie O Team
Mls Name: Space Coast AOR
Mls ID: #1032734
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.