408 Hawthorne CtIndian Harbour BeachFL32937
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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 Indian Harbour Beach at 408 Hawthorne Ct, Indian Harbour Beach, FL, 32937 generates $2,431/mo in rent, after a $1,955/mo payment. Total monthly income is $2,431/mo. Return on cash invested sits at 17.92% in year one, and rental yield is 7.3% on a $399,400 entry. Equity gained on principal adds $2,577/yr, while 5% annual appreciation builds toward $110,347 over five years. Five-year ROI reaches 92.77% and total cumulative return in cash sums $122,827. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,431/mo property income rather than buyer’s personal income.
Townhouse
Built in 1980
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32937, Satellite Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,207 (100%) |
| Owner Occupied HU | 9,838 (69.2%) |
| Renter Occupied HU | 2,495 (17.6%) |
| Vacant Housing Units | 1,874 (13.2%) |
| Median Home Value | $498,245 |
| Average Home Value | $575,100 |
Housing Distribution
Address Breakdown
Residential
12,570
Single Family
10,758
Multi-Family
1,812
Businesses
1,010
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Listed by: Marcella Raines • United Realty of Brevard, Inc.
Mls Name: Space Coast AOR
Mls ID: #1056290