1923 Needle Palm DrEdgewaterFL32141
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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
Investment property for sale in Edgewater at 1923 Needle Palm Dr, Edgewater, FL, 32141 earns $119/mo cash flow from $1,712/mo rent with a $1,175/mo payment. Total monthly income totals $1,712/mo, and annual cash flow totals $1,428/yr on $79,560 capital. ROI tracks 21.7% on current figures, and rental yield reads 8.56% at a $240,000 purchase. Equity gained on principal adds $1,549/yr, and 5% annual appreciation supports $66,308 over five years. Five-year ROI reaches 113.05% and total cumulative return in cash sums $89,942. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,712/mo property income instead of your personal income.
Single Family
Built in 1988
10,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32141, Edgewater, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,375 (100%) |
| Owner Occupied HU | 7,361 (78.5%) |
| Renter Occupied HU | 1,080 (11.5%) |
| Vacant Housing Units | 934 ( 10.0%) |
| Median Home Value | $323,737 |
| Average Home Value | $348,320 |
Housing Distribution
Address Breakdown
Residential
9,139
Single Family
9,035
Multi-Family
104
Businesses
201
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