407 Irex RdAtlantic 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 407 Irex Rd, Atlantic Beach, FL, 32233 offers a 6.93% rental yield on a $715,000 purchase with $4,130/mo rent. 16% in year one. Equity gained on principal adds $4,614/yr while 5% annual appreciation supports $197,541 over five years. Portfolio math shows five-year ROI at 83.6% and total cumulative return in cash at $196,665. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,130/mo property income against a $3,500/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
N/A 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: Charlie Stout • Ted Rugg & Associates LLC
Mls Name: DBAMLS
Mls Provider:
Mls ID: #1205413
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.