209 Cobia CtBarefoot BayFL32976
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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 Barefoot Bay at 209 Cobia Ct, Barefoot Bay, FL, 32976 priced at $235,000 converts $1,677/mo rent into $84/mo cash flow after a $1,150/mo obligation. Total monthly income equals $1,677/mo, and annual cash flow totals $1,008/yr on $77,903 invested. Return on cash invested prints 21.2% in year one, and rental yield reads 8.56% against a $235,000 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation compiles into $64,926 by year five. Five-year ROI reaches 110.61% and total cumulative return in cash sums $86,164. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,677/mo property income covering a $1,150/mo payment, not borrower’s personal income.
Manufactured
Built in 1985
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32976, Sebastian, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,871 (100%) |
| Owner Occupied HU | 5,046 (73.4%) |
| Renter Occupied HU | 605 ( 8.8%) |
| Vacant Housing Units | 1,220 (17.8%) |
| Median Home Value | $149,704 |
| Average Home Value | $220,074 |
Housing Distribution
Address Breakdown
Residential
6,657
Single Family
6,614
Multi-Family
43
Businesses
108
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Listed by: Marc Gingras • Coldwell Banker Paradise
Mls Name: Space Coast AOR
Mls ID: #1049738
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.