428 Papaya CirBarefoot BayFL32976
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Barefoot Bay at 428 Papaya Cir, Barefoot Bay, FL, 32976 with 5% annual appreciation on a $203,000 basis while $1,389/mo rent supports operations. Total monthly income totals $1,389/mo and a $994/mo payment preserves $41/mo for cash returns. Annual cash flow comes to $497/yr on $67,295 deployed, and return on cash invested reaches 20.65% in year one. Equity gained on principal adds $1,310/yr, and five-year appreciation sums $56,085 alongside rental yield of 8.21%. Five-year ROI measures 107.44% and total cumulative return in cash totals $72,302.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,389/mo property income versus a $994/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 1992
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32976, Sebastian, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,871 (100%) |
| Owner Occupied HU | 5,046 (73.4%) |
| Renter Occupied HU | 605 ( 8.8%) |
| Vacant Housing Units | 1,220 (17.8%) |
| Median Home Value | $149,704 |
| Average Home Value | $220,074 |
Housing Distribution
Address Breakdown
Residential
6,657
Single Family
6,614
Multi-Family
43
Businesses
108
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Karin Earnesty • Compass Florida LLC
Mls Name: Realtor Association of Indian River County
Mls ID: #293022