217 Belleza Blvd #768EdgewaterFL32141
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 217 Belleza Blvd #768, Edgewater, FL, 32141 in Edgewater: $3,016/mo in rent, $1,735/mo net, 18.75% gross yield, all on a $192,995 acquisition. The 3.47 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $53,321 in value, and $1,778/yr in principal paydown steadily builds equity. Projected total cumulative return: $185,223.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 18.8% | 7.0% |
| Monthly Cash Flow | $1,735 | $1,200 |
City averages based on Edgewater market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,016 |
| Total Monthly Debt Service | $1,204 |
| DSCR Ratio | 2.51x |
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.
Manufactured
Built in 2024
N/A 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
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
Manufactured
Built in 2024
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices