471 Bimini LnIndian 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 471 Bimini Ln, Indian Harbour Beach, FL, 32937 priced at $739,000 pairs $5,560/mo rent with $654/mo cash flow after a $3,617/mo payment. Total monthly income equals $5,560/mo, and annual cash flow comes to $7,846/yr on $243,131 invested. Return on cash invested is 23.29% in year one, and rental yield stands at 9.03% on a $739,000 basis. Equity gained on principal adds $4,769/yr, and 5% annual appreciation accumulates to $204,172 by year five. Five-year ROI measures 121.51% and total cumulative return in cash reaches $295,436. For financing, Ziffy Mortgage’s DSCR program evaluates $5,560/mo property income against a $3,617/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1964
0.34 Acres lot
$N/A/sqft
$25 annually 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: Marlena Wassel • Real Estate Solutions Brevard
Mls Name: Space Coast AOR
Mls ID: #1041615
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.