18400 Gulf Blvd APT 1206, Indian Shores, FL, 33785 | $2,347/mo Cash Flow

For Sale

Rental Income

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 1206, Indian Shores, FL, 33785 listed at $799,000 pairs $7,650/mo rent with a $3,911/mo payment to leave $2,347/mo cash flow. Total monthly income runs $7,650/mo, and annual cash flow reaches $28,169/yr on $262,871 cash to close. Return on cash invested measures 30.78% in year one, and rental yield registers 11.49% at a $799,000 basis. Equity gained on principal adds $5,156/yr, and annual property appreciation at 5% supports $220,749 by year five. Five-year ROI tracks 161.68% and total cumulative return in cash totals $425,022. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $7,650/mo property income relative to a $3,911/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

Great Opportunity! Turnkey Beachfront Condo with Exceptional Income Potential! Welcome to this stunning 3-bedroom, 2-bathroom Gulf-front condo in Indian Shores, FL, offering 1,400 square feet of fully renovated, turnkey living with weekly rentals allowed for income potential. The current owner has enjoyed the unit extensively while earning approximately $75,000 in gross annual rental income. Just steps from the ocean, the thoughtfully designed layout features high-end finishes and furnishings throughout, including an updated kitchen with sleek cabinets, granite countertops, and stainless steel appliances. The main bedroom serves as a serene retreat with a king-sized bed, large walk-in closet, and elegant walk-in shower, while the split bedroom layout provides privacy for the second and third bedrooms, perfect for work or relaxation. Additional updates include a new AC system in 2024 and a building roof replacement in 2024. Step outside to enjoy the Gulf-side heated pool and hot tub with a large open deck, BBQ grills, and restrooms, offering some of the best views for sunsets and serene outdoor living. The condo includes one under-building parking space, additional guest parking, bike racks, a car wash area, and kayak storage, with convenient access to St. Pete, Clearwater, Tampa International Airport, shopping, dining, entertainment, public transportation, and I-275. Sold turnkey, this property provides immediate enjoyment or the potential for income through short-term rentals, with an on-site caretaker and exceptional rental history, making it a fantastic investment opportunity. Dont miss the chance to own a luxurious beachfront property on quiet, uncrowded, powdery white sand beachesperfect for watching both sunsets and sunrises and experiencing the pinnacle of Gulf-front living. All information is intended to be accurate but cannot be guaranteed; buyers are responsible for verifying HOA covenants, governing documents, association fees, resale fees, pet and parking restrictions, and all other property details. List agent is managing agent so please ask us about rental income and projected income.

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