240 MAIN StreetAtlantic BeachFL32233
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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 Atlantic Beach at 240 MAIN Street, Atlantic Beach, FL, 32233 generates $2,752/mo in rent and, after a $1,957/mo payment, leaves $99/mo in cash flow. Total monthly income is $2,752/mo, and annual cash flow is $1,182/yr on $132,567 invested. Return on cash invested sits at 20.8% in year one, and rental yield is 8.26% on a $399,900 entry. Equity gained on principal adds $2,580/yr, while 5% annual appreciation builds toward $110,485 over five years. Five-year ROI reaches 108.21% and total cumulative return in cash sums $143,456. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,752/mo property income rather than buyer’s personal income.
Single Family
Built in 1984
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32233, Atlantic Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,880 (100%) |
| Owner Occupied HU | 6,374 (53.7%) |
| Renter Occupied HU | 4,680 (39.4%) |
| Vacant Housing Units | 826 ( 7.0%) |
| Median Home Value | $455,507 |
| Average Home Value | $606,977 |
Housing Distribution
Address Breakdown
Residential
11,802
Single Family
9,212
Multi-Family
2,590
Businesses
736
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Listed by: BARBARA GALVIN • EAST COAST REALTY
Mls Name: realMLS
Mls ID: #2111355