129 Lancha Cir APT 203Indian 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 129 Lancha Cir APT 203, Indian Harbour Beach, FL, 32937 with 5% annual appreciation on a $423,700 basis while $4,123/mo rent supports operations. Total monthly income totals $4,123/mo and a $2,074/mo payment preserves $1,128/mo for cash returns. Annual cash flow comes to $13,534/yr on $140,457 deployed, and return on cash invested reaches 29.54% in year one. Equity gained on principal adds $2,734/yr, and five-year appreciation sums $117,061 alongside rental yield of 11.68%. Five-year ROI measures 155.66% and total cumulative return in cash totals $218,633.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,123/mo property income versus a $2,074/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 2007
4,356 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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