502 Main St #106Horseshoe BeachFL32648
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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 Horseshoe Beach at 502 Main St #106, Horseshoe Beach, FL, 32648 generates $0/mo in rent, after a $1,395/mo payment. Total monthly income is $0/mo. Return on cash invested sits at -4.11% in year one, and rental yield is 0% on a $285,000 entry. Equity gained on principal adds $1,839/yr, while 5% annual appreciation builds toward $78,740 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $0/mo property income rather than buyer’s personal income.
Condo
Built in 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32648, Horseshoe Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 616 (100%) |
| Owner Occupied HU | 185 (30.0%) |
| Renter Occupied HU | 31 ( 5.0%) |
| Vacant Housing Units | 400 (64.9%) |
| Median Home Value | $162,500 |
| Average Home Value | $196,905 |
Housing Distribution
Address Breakdown
Residential
117
Single Family
117
Multi-Family
0
Businesses
7
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No similar rental properties found nearby.
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Listed by: Glenn Moore • COLDWELL BANKER RIVERLAND RLTY
Mls Name: Stellar MLS
Mls ID: #OM716471