500 Palm Springs Blvd APT 601Indian 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
Investment property for sale in Indian Harbour Beach at 500 Palm Springs Blvd APT 601, Indian Harbour Beach, FL, 32937 listed at $245,000 pairs $2,192/mo rent with a $1,199/mo payment to leave $566/mo cash flow. Total monthly income runs $2,192/mo, and annual cash flow reaches $6,795/yr on $81,218 cash to close. Return on cash invested measures 28.28% in year one, and rental yield registers 10.74% at a $245,000 basis. Equity gained on principal adds $1,581/yr, and annual property appreciation at 5% supports $67,689 by year five. Five-year ROI tracks 148.33% and total cumulative return in cash totals $120,468. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,192/mo property income relative to a $1,199/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1980
871.20 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: Timothy Luke Petitti • Real Broker, LLC
Mls Name: Space Coast AOR
Mls ID: #1060335