324 7TH StreetAtlantic BeachFL32233
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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 Atlantic Beach at 324 7TH Street, Atlantic Beach, FL, 32233 uses $613,980 cash to close to unlock $7,718/yr annual cash flow and $643/mo monthly cash flow. Total monthly income runs $13,476/mo, and a $9,275/mo payment keeps the spread at $643/mo. Purchase price stands at $1,895,000, and rental yield measures 8.53% with $13,476/mo rent. Return on cash invested shows 21.63% in year one, and 5% annual appreciation builds toward $523,554 over five years. Five-year ROI reaches 112.74% and total cumulative return in cash records $692,213. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $13,476/mo property income covering a $9,275/mo payment rather than investor’s personal income.
Single Family
Built in 1937
7,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32233, Atlantic Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,880 (100%) |
| Owner Occupied HU | 6,374 (53.7%) |
| Renter Occupied HU | 4,680 (39.4%) |
| Vacant Housing Units | 826 ( 7.0%) |
| Median Home Value | $455,507 |
| Average Home Value | $606,977 |
Housing Distribution
Address Breakdown
Residential
11,802
Single Family
9,212
Multi-Family
2,590
Businesses
736
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Listed by: CYANNE GOODWIN • ENGEL & VOLKERS FIRST COAST
Mls Name: realMLS
Mls Provider:
Mls ID: #2044794
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. Data is deemed reliable but is not guaranteed accurate by realMLS.