3805 E Bay Dr UNIT 309Holmes BeachFL34217
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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 Holmes Beach at 3805 E Bay Dr UNIT 309, Holmes Beach, FL, 34217 uses $140,888 cash to close to unlock $13,005/yr annual cash flow and $1,084/mo monthly cash flow. Total monthly income runs $3,904/mo, and a $2,080/mo payment keeps the spread at $1,084/mo. Purchase price stands at $425,000, and rental yield measures 11.02% with $3,904/mo rent. Return on cash invested shows 29.14% in year one, and 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 152.93% and total cumulative return in cash records $215,453. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,904/mo property income covering a $2,080/mo payment rather than investor’s personal income.
Condo
Built in 1979
N/A lot
$N/A/sqft
No HOA
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Listed by: Jen Bowman • KELLER WILLIAMS ON THE WATER
Mls Name: Stellar MLS
Mls ID: #A4677535