19701 Gulf Blvd APT 407Indian ShoresFL33785
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
Investment Highlights
Investment property for sale in Indian Shores at 19701 Gulf Blvd APT 407, Indian Shores, FL, 33785 uses $187,201 cash to close to unlock $324/yr annual cash flow and $27/mo monthly cash flow. Total monthly income runs $3,803/mo, and a $2,785/mo payment keeps the spread at $27/mo. Purchase price stands at $569,000, and rental yield measures 8.02% with $3,803/mo rent. Return on cash invested shows 20.23% in year one, and 5% annual appreciation builds toward $157,204 over five years. Five-year ROI reaches 105.13% and total cumulative return in cash records $196,799. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,803/mo property income covering a $2,785/mo payment rather than investor’s personal income.
Condo
Built in 1974
3.82 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kelly Ackley • PREMIER SOTHEBY'S INTL REALTY
Mls Name: Stellar MLS
Mls ID: #TB8444600