18400 Gulf Blvd APT 1109, Indian Shores, FL, 33785 | $1,885/mo Cash Flow

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18400 Gulf Blvd APT 1109, Indian Shores, FL, 33785 | $1,885/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Indian Shores at 18400 Gulf Blvd APT 1109, Indian Shores, FL, 33785 listed at $929,000 pairs $8,050/mo rent with a $4,547/mo payment to leave $1,885/mo cash flow. Total monthly income runs $8,050/mo, and annual cash flow reaches $22,620/yr on $305,641 cash to close. Return on cash invested measures 27.46% in year one, and rental yield registers 10.4% at a $929,000 basis. Equity gained on principal adds $5,995/yr, and annual property appreciation at 5% supports $256,666 by year five. Five-year ROI tracks 143.89% and total cumulative return in cash totals $439,784. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $8,050/mo property income relative to a $4,547/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1982

N/A lot

$N/A/sqft

No HOA

More details about the property

FANTASTIC OPPORTUNITY... NEW REDUCED PRICE! Directly Gulf Front! Three bedrooms with two full baths. Located in the highly desirable Beach Cottage Condos in Indian Shores. The property has a large sundeck with an ample sized heated swimming pool and spa. Short term weekly rentals are welcomed, making this a perfect property to enjoy when you like and rent for income when you wish. The condo is spacious and comfortable with 1435 square feet of coastal flair. It is fully furnished and turnkey ready. It has a very spacious living room/dining area that comes with a wood burning fireplace. Beach Cottage community offers parking for your guest as well as an under-building designated and deeded parking spot. The beach itself has a wide swath of pristine sparkling sand, a volleyball play area and a breathtaking view of the Gulf of Mexico. Well known for spectacular sunsets. The property has a car wash area, a very large, heated pool/spa. The large open sundeck offers abundant deck furniture, a gas grill area, outdoor shower, and restrooms. all just steps from the pool. Located between the Top-Rated Beaches of St Pete/Clearwater, it is close to fabulous restaurants, shopping, golf, professional sports, arts, culture and so much more. Also close to St Pete/Clearwater Airport (PIE), Tampa International Airport(TPA) and world-famous John's Pass Village. Now is your time.

Neighborhood Data

Neighborhood data shown for ZIP Code: 33785, Indian Rocks Beach, FL area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,066 (100%)
Owner Occupied HU	2,107 (34.7%)
Renter Occupied HU	584 ( 9.6%)
Vacant Housing Units	3,375 (55.6%)
Median Home Value	$788,723
Average Home Value	$969,783