1408 3rd St,Edgewater,FL,32132

Investment Highlights

Investment property for sale in Edgewater at 1408 3rd St, Edgewater, FL, 32132 offers a 8% rental yield on a $340,000 purchase with $2,268/mo rent. Total monthly income registers $2,268/mo, and a $1,664/mo payment leaves $12/mo available for distribution. Annual cash flow reaches $142/yr on $112,710 to close, and return on cash invested stands at 20.03% in year one. Equity gained on principal adds $2,194/yr while 5% annual appreciation supports $93,936 over five years. Portfolio math shows five-year ROI at 104.11% and total cumulative return in cash at $117,342. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,268/mo property income against a $1,664/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.