292 Pine Tree DrIndialanticFL32903
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 Indialantic at 292 Pine Tree Dr, Indialantic, FL, 32903 uses $197,367 cash to close to unlock $24,158/yr annual cash flow and $2,013/mo monthly cash flow. Total monthly income runs $5,994/mo, and a $2,936/mo payment keeps the spread at $2,013/mo. Purchase price stands at $599,900, and rental yield measures 11.99% with $5,994/mo rent. Return on cash invested shows 32.3% in year one, and 5% annual appreciation builds toward $165,741 over five years. Five-year ROI reaches 169.87% and total cumulative return in cash records $335,260. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,994/mo property income covering a $2,936/mo payment rather than investor’s personal income.
Single Family
Built in 1967
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32903, Indialantic, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,168 (100%) |
| Owner Occupied HU | 4,984 (69.5%) |
| Renter Occupied HU | 1,264 (17.6%) |
| Vacant Housing Units | 920 (12.8%) |
| Median Home Value | $592,903 |
| Average Home Value | $628,684 |
Housing Distribution
Address Breakdown
Residential
6,686
Single Family
5,455
Multi-Family
1,231
Businesses
481
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michelle L Smith • RE/MAX Aerospace Realty
Mls Name: Space Coast AOR
Mls ID: #1064008