2308 1st St APT 2Indian Rocks BeachFL33785
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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 Indian Rocks Beach at 2308 1st St APT 2, Indian Rocks Beach, FL, 33785 earns $387/mo cash flow from $2,636/mo rent with a $1,659/mo payment. Total monthly income totals $2,636/mo, and annual cash flow totals $4,639/yr on $112,379 capital. ROI tracks 24.04% on current figures, and rental yield reads 9.33% at a $339,000 purchase. Equity gained on principal adds $2,188/yr, and 5% annual appreciation supports $93,659 over five years. Five-year ROI reaches 125.58% and total cumulative return in cash sums $141,124. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,636/mo property income instead of your personal income.
Condo
Built in 1964
N/A 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
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Listed by: Ivan Talanga • IMAGINE REALTY LLC
Mls Name: Stellar MLS
Mls ID: #TB8422241