18650 Gulf Blvd APT 402Indian ShoresFL33785
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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
Investment Highlights
Rental property for sale in Indian Shores at 18650 Gulf Blvd APT 402, Indian Shores, FL, 33785 generates $4,397/mo in rent, after a $3,426/mo payment. Total monthly income is $4,397/mo. Return on cash invested sits at 18.77% in year one, and rental yield is 7.54% on a $699,900 entry. Equity gained on principal adds $4,516/yr, while 5% annual appreciation builds toward $193,369 over five years. Five-year ROI reaches 97.3% and total cumulative return in cash sums $224,048. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,397/mo property income rather than buyer’s personal income.
Condo
Built in 1974
0.48 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
3,362
Single Family
2,266
Multi-Family
1,096
Businesses
395
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Listed by: Valerie McClary • EXP REALTY LLC
Mls Name: Stellar MLS
Mls ID: #TB8446074