311 15th Ave, Indian Rocks Beach, FL, 33785 | $269/mo Cash Flow | Ziffy
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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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NMLS #2625701
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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
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Investment Highlights

Investment property for sale in Indian Rocks Beach at 311 15th Ave, Indian Rocks Beach, FL, 33785 offers a 8.5% rental yield on a $595,000 purchase with $4,217/mo rent. Total monthly income registers $4,217/mo, and a $2,912/mo payment leaves $269/mo available for distribution. Annual cash flow reaches $3,225/yr on $195,755 to close, and return on cash invested stands at 21.71% in year one. Equity gained on principal adds $3,839/yr while 5% annual appreciation supports $164,388 over five years. Portfolio math shows five-year ROI at 113.04% and total cumulative return in cash at $221,282. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,217/mo property income against a $2,912/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1974

6,826 sqft lot

$N/A/sqft

No HOA

More details about the property

Your Dream Beach Bungalow Awaits! Discover the Ultimate Coastal Retreat in this delightful beach bungalow perfectly positioned just steps away from the sparkling shoreline! Unlock the potential of Coastal living with this Beach residence that is a blank canvas waiting for your personal touch and creative vision. Renovate, Elevate or Rebuild New! Embrace the serene beach lifestyle with this captivating haven that offers tranquility and lasting memories. Situated in the heart of Indian Rocks Beach, this 2 BR, 2 BA (one in the garage), 1,276 square foot, Rock Solid Block home with 1,276 square feet of living space (1,940 Total) and an oversized one car garage, is full of cozy charm and offers an inviting layout filled with natural light and versatility. There is a custom, paver driveway with an additional paver area on the side of the home (perfect for the boat!). The spacious, tropically inspired fenced yard, adorned with numerous majestic Palm trees that were planted years ago, offers endless opportunities for landscaping, gardening and outdoor entertaining its also large enough for a family sized inground pool! The backyard has a paver patio area overlooking the yard just adjacent to the Lanai. Enjoy the numerous activities just steps away to include the public boat ramp/launch (15th Ave. Boat Launch) and City Park just one block down the street, walkable restaurants, shops, parks, nature preserve, dog park, tennis and pickleball courts, baseball field, basketball courts, historical museum, City Hall, Art Center and much more! No HOA or Lease restrictions short-term rentals are allowed presenting the rare opportunity of an investment property and or second home! Please note: The MLS pictures shown are all of the current condition of the home. Buyer is advised to review all applicable FEMA/State/County/City reconstruction guidelines and any other matters deemed important to the Buyer. The home had water during the Hurricanes but was remediated immediately by Serv-Pro. The water, electric and AC are all fully operational. The home is being sold in As Is condition.

Neighborhood Data

Neighborhood data shown for ZIP Code: 33785, Indian Rocks Beach, FL area.

Housing Distribution

Housing Statistics

CategoryValue
Total HU (Housing Units)6,066 (100%)
Owner Occupied HU2,107 (34.7%)
Renter Occupied HU584 ( 9.6%)
Vacant Housing Units3,375 (55.6%)
Median Home Value$788,723
Average Home Value$969,783

Address Breakdown

Residential

3,362

Single Family

2,266

Multi-Family

1,096

Businesses

395

Price History

Date

Event

Price

2025-02-05Listed for sale$595,000
2015-06-29Sold$320,000
2007-09-26Sold$325,000

Tax History

Date

Tax Paid

Tax Increase Rate

Value

Value Increase Rate

2023-02-13$4515.575.85%$303,7573.00%
2022-02-13$4265.91-1.85%$294,9103.00%
2021-02-13$4346.32-0.00%$286,3201.40%
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Powered by
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NMLS #2625701
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Facts & Features

General Information

  • Type: SingleFamily
  • Year Built: 1974
  • Architectural Style: Florida, Ranch
  • Building Area: 1,940
  • Living Area: 1,276 sqft
  • Property Condition: Completed

Features & Amenities

  • Heating: Central, Electric
  • Cooling: Central Air
  • Flooring: Concrete
  • Interior Features: Ceiling Fan(s), Eating Space In Kitchen, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan
  • Exterior Features: Irrigation System, Sprinkler Metered
  • Parking Features: Bath In Garage, Boat, Driveway, Garage Door Opener, Oversized

Location

  • City: Indian Rocks Beach
  • State: FL
  • Subdivision: Indian Beach Re-Revised 1st Add
  • Lot Size: 6,826 sqft
  • Lot Features: Flood Insurance Required, City Lot, Level, Near Marina, Near Public Transit, Private, 0 to less than 1/4 Acre
  • View: N/A

HOA & Fees

  • HOA Fee: N/A
  • Association Fee: N/A
  • Fees & Dues: N/A
  • Association Amenities: N/A
  • Association Fee Includes: N/A

Utilities

  • Utilities: BB/HS Internet Available, Cable Available, Electricity Connected, Phone Available, Sewer Connected, Sprinkler Recycled, Street Lights, Water Connected
  • Sewer: Public Sewer
  • Water Source: Public
  • Road Surface Type: Paved, Asphalt, Concrete

School Information

  • Elementary School: Anona Elementary-PN
  • Middle School: Seminole Middle-PN
  • High School: Largo High-PN

Listed by: Rich Rippetoe • PREMIER SOTHEBY'S INTL REALTY 

Mls Name: Stellar MLS

Mls Provider:Mls

Mls ID: #TB8346645

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

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