2618 Gulf Blvd APT 407Indian Rocks BeachFL33785








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


Investment Highlights
Investment property for sale in Indian Rocks Beach at 2618 Gulf Blvd APT 407, Indian Rocks Beach, FL, 33785 uses $312,517 cash to close to unlock $8,683/yr annual cash flow and $724/mo monthly cash flow. Total monthly income runs $7,829/mo, and a $4,649/mo payment keeps the spread at $724/mo. Purchase price stands at $949,900, and rental yield measures 9.89% with $7,829/mo rent. Return on cash invested shows 22.84% in year one, and 5% annual appreciation builds toward $262,440 over five years. Five-year ROI reaches 120.23% and total cumulative return in cash records $375,726. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $7,829/mo property income covering a $4,649/mo payment rather than investor’s personal income.
Condo
Built in 1982
1.32 Acres lot
$N/A/sqft
$802 monthly HOA
More details about the property
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
Price History
Date | Event | Price |
|---|---|---|
| 2025-02-05 | Price change | $949,900 |
| 2025-01-07 | Price change | $974,900 |
| 2024-10-26 | Listed for sale | $998,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-13 | $6041.32 | 5.90% | $400,377 | 3.00% |
| 2022-02-13 | $5704.88 | -2.01% | $388,716 | 3.00% |
| 2021-02-13 | $5821.64 | -0.06% | $377,394 | 1.40% |
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices



Facts & Features
General Information
- Type: Condo
- Year Built: 1982
- Architectural Style: N/A
- Building Area: 1,400
- Living Area: 1,340 sqft
- Property Condition: Completed
Features & Amenities
- Heating: Central
- Cooling: Central Air
- Flooring: Ceramic Tile
- Interior Features: Built-in Features, Ceiling Fan(s), Elevator, Living Room/Dining Room Combo, Open Floorplan, Solid Surface Counters, Stone Counters, Thermostat, Walk-In Closet(s)
- Exterior Features: Balcony, Courtyard, Hurricane Shutters, Irrigation System, Lighting, Outdoor Grill, Outdoor Shower, Private Mailbox, Shade Shutter(s), Sidewalk, Sliding Doors, Storage
- Parking Features: Assigned, Deeded, Ground Level, Guest, Under Building
Location
- City: Indian Rocks Beach
- State: FL
- Subdivision: Driftwood Sands Condo
- Lot Size: 1.32 Acres
- Lot Features: 1 to less than 2 Acres
- View: Beach, Gulf/Ocean - Full
HOA & Fees
- HOA Fee: $802 monthly
- Association Fee: $802 monthly
- Fees & Dues: N/A
- Association Amenities: Cable TV, Elevator(s), Lobby Key Required, Maintenance, Pool, Shuffleboard Court, Storage
- Association Fee Includes: Cable TV, Common Area Taxes, Community Pool, Escrow Reserves Fund, Insurance, Internet, Maintenance Structure, Maintenance Grounds, Pool Maintenance, Sewer, Trash, Water
Utilities
- Utilities: Cable Connected, Electricity Available, Phone Available, Public, Sewer Connected, Street Lights, Water Connected
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: Asphalt
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Barb Ulrich • KELLER WILLIAMS REALTY PORTFOL
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #TB8313612
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511







