18400 Gulf Blvd APT 2506, Indian Shores, FL, 33785 | 5.79% Rental Yield

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18400 Gulf Blvd APT 2506, Indian Shores, FL, 33785 | 5.79% Rental Yield | 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

Total monthly income runs $4,800/mo, and a $4,870/mo payment. Purchase price stands at $995,000, and rental yield measures 5.79% with $4,800/mo rent. Return on cash invested shows 13.45% in year one, and 5% annual appreciation builds toward $274,900 over five years. Five-year ROI reaches 68.78% and total cumulative return in cash records $225,150. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,800/mo property income covering a $4,870/mo payment rather than investor’s personal income.

Condo

Built in 1983

7,244 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to the penthouse corner unit at Beach Cottage , Indian Shores, Florida, where you have found your perfect beach home! This unit is one of the few homes with 3 separate balconies where you can take advantage of sunrise, sunset and beach views to the north. The large open living area is perfect for everyone to gather and enjoy the fireplace on a chilly evening, or open up the doors to the balconies off both the kitchen and living room on beautiful sunny days . The unit features granite counters, stainless steel appliances, and master bath with dual sinks and a large walk-in shower. Community amenities include a heated pool and spa, under building parking, coded entry and a perfect white sand beach to enjoy everything the Gulf has to offer. A one week minimum rental policy makes this perfect for an investment , or use as a second home and rent out while you are not in residence. This unit is sold fully furnished for your convenience. Call today to make this home your own!

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