1218 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
Rental property for sale in Barefoot Bay at 1218 Chipewa Dr, Barefoot Bay, FL, 32976 priced at $219,000 pairs $1,850/mo rent with $219/mo cash flow after a $1,072/mo payment. Total monthly income equals $1,850/mo, and annual cash flow comes to $2,625/yr on $72,599 invested. Return on cash invested is 23.53% in year one, and rental yield stands at 10.14% on a $219,000 basis. Equity gained on principal adds $1,413/yr, and 5% annual appreciation accumulates to $60,506 by year five. Five-year ROI measures 123.9% and total cumulative return in cash reaches $89,949. For financing, Ziffy Mortgage’s DSCR program evaluates $1,850/mo property income against a $1,072/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 2004
3,920 sqft lot
$N/A/sqft
$973 annually 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: Christopher T. Nolan • EXP Realty LLC
Mls Name: Space Coast AOR
Mls ID: #1042060
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.