197 River Front WayEdgewaterFL32141
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 197 River Front Way, Edgewater, FL, 32141 in Edgewater. Priced at $268,000, it generates $2,640/mo in gross rent and $617/mo in net monthly cash flow, a 11.82% yield that comfortably supports the 2.19 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $7,398. Five-year appreciation: $74,043. Equity from principal paydown: $2,468/yr. Total projected cumulative return: $142,916.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.8% | 7.0% |
| Monthly Cash Flow | $617 | $1,200 |
City averages based on Edgewater market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,640 |
| Total Monthly Debt Service | $1,917 |
| DSCR Ratio | 1.38x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 2024
1,803 sqft lot
$N/A/sqft
$245 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Townhouse
Built in 2024
1,803 sqft lot
$N/A/sqft
$245 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices