18400 Gulf Blvd APT 1512, Indian Shores, FL, 33785 | $623/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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18400 Gulf Blvd APT 1512, Indian Shores, FL, 33785 | $623/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

Rental property for sale in Indian Shores at 18400 Gulf Blvd APT 1512, Indian Shores, FL, 33785 generates $5,932/mo in rent and, after a $3,916/mo payment, leaves $623/mo in cash flow. Total monthly income is $5,932/mo, and annual cash flow is $7,472/yr on $263,200 invested. Return on cash invested sits at 22.9% in year one, and rental yield is 8.9% on a $800,000 entry. Equity gained on principal adds $5,162/yr, while 5% annual appreciation builds toward $221,025 over five years. Five-year ROI reaches 119.44% and total cumulative return in cash sums $314,360. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,932/mo property income rather than buyer’s personal income.

Condo

Built in 1982

N/A lot

$N/A/sqft

No HOA

More details about the property

Experience the best of coastal living in this spacious two-bedroom, two-bathroom condo, perfectly positioned on the top floor of a five-story mid-rise building just steps from the sugar-white sands of the Gulf. This beautifully updated unit offers expansive views of the Gulf of Mexico along with peek-a-boo glimpses of the Intracoastal Waterway, providing a serene backdrop for everyday living or vacation relaxation. Inside, the condo features a bright, open layout with generous living and dining spaces, updated finishes, and abundant natural light throughout. While it's move-in ready, it also presents the opportunity to add your personal touches and truly make it your own. The community offers a range of amenities, including a waterfront pool and hot tub, ideal for enjoying warm coastal days. Grills are available on the pool deck for outdoor cooking and entertaining, all while enjoying scenic water views. Assigned covered parking adds convenience and peace of mind. Whether you're looking for a full-time residence, a seasonal retreat, or an investment property with strong rental potential, this condo delivers flexibility and a highly desirable beachfront lifestyle. Wake up to the sound of the waves and unwind each evening with Gulf-front sunsetsthis is your chance to own a slice of paradise.

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