3510 S Ocean Shore Blvd APT 216Flagler BeachFL32136
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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
Rental property for sale in Flagler Beach at 3510 S Ocean Shore Blvd APT 216, Flagler Beach, FL, 32136 generates $2,878/mo in rent and, after a $1,476/mo payment, leaves $600/mo in cash flow. Total monthly income is $2,878/mo, and annual cash flow is $7,203/yr on $99,980 invested. Return on cash invested sits at 27.11% in year one, and rental yield is 11.45% on a $301,600 entry. Equity gained on principal adds $1,946/yr, while 5% annual appreciation builds toward $83,327 over five years. Five-year ROI reaches 143.31% and total cumulative return in cash sums $143,278. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,878/mo property income rather than buyer’s personal income.
Condo
Built in 1980
553 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32136, Flagler Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,295 (100%) |
| Owner Occupied HU | 4,052 (64.4%) |
| Renter Occupied HU | 788 (12.5%) |
| Vacant Housing Units | 1,455 (23.1%) |
| Median Home Value | $506,713 |
| Average Home Value | $557,530 |
Housing Distribution
Address Breakdown
Residential
5,004
Single Family
4,677
Multi-Family
327
Businesses
427
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