516 Rio GrandeEdgewaterFL32141
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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 Edgewater at 516 Rio Grande, Edgewater, FL, 32141 priced at $104,000 converts $801/mo rent into $111/mo cash flow after a $509/mo obligation. Total monthly income equals $801/mo, and annual cash flow totals $1,330/yr on $34,476 invested. Return on cash invested prints 23.77% in year one, and rental yield reads 9.24% against a $104,000 entry. Equity gained on principal adds $671/yr, while 5% annual appreciation compiles into $28,733 by year five. Five-year ROI reaches 124.12% and total cumulative return in cash sums $42,792. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $801/mo property income covering a $509/mo payment, not borrower’s personal income.
Manufactured
Built in 1996
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32141, Edgewater, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,375 (100%) |
| Owner Occupied HU | 7,361 (78.5%) |
| Renter Occupied HU | 1,080 (11.5%) |
| Vacant Housing Units | 934 ( 10.0%) |
| Median Home Value | $323,737 |
| Average Home Value | $348,320 |
Housing Distribution
Address Breakdown
Residential
9,139
Single Family
9,035
Multi-Family
104
Businesses
201
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