245 SW 11th AveSouth BayFL33493
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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 South Bay at 245 SW 11th Ave, South Bay, FL, 33493 offers a 9.16% rental yield on a $107,000 purchase with $817/mo rent. Total monthly income registers $817/mo, and a $524/mo payment leaves $107/mo available for distribution. Annual cash flow reaches $1,280/yr on $35,471 to close, and return on cash invested stands at 23.52% in year one. Equity gained on principal adds $690/yr while 5% annual appreciation supports $29,562 over five years. Portfolio math shows five-year ROI at 122.86% and total cumulative return in cash at $43,578. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $817/mo property income against a $524/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1977
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33493, South Bay, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,102 (100%) |
| Owner Occupied HU | 494 (44.8%) |
| Renter Occupied HU | 536 (48.6%) |
| Vacant Housing Units | 72 ( 6.5%) |
| Median Home Value | $109,451 |
| Average Home Value | $156,159 |
Housing Distribution
Address Breakdown
Residential
996
Single Family
855
Multi-Family
141
Businesses
94
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