2410 Needle Palm DrEdgewaterFL32141
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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 Edgewater at 2410 Needle Palm Dr, Edgewater, FL, 32141 uses $109,395 cash to close to unlock $5,523/yr annual cash flow and $460/mo monthly cash flow. Total monthly income runs $2,650/mo, and a $1,615/mo payment keeps the spread at $460/mo. Purchase price stands at $330,000, and rental yield measures 9.64% with $2,650/mo rent. Return on cash invested shows 24.96% in year one, and 5% annual appreciation builds toward $91,173 over five years. Five-year ROI reaches 130.53% and total cumulative return in cash records $142,799. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,650/mo property income covering a $1,615/mo payment rather than investor’s personal income.
Single Family
Built in 2001
0.28 Acres 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
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