520 Palm Springs Blvd APT 503Indian Harbor BeachFL32937
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
Rental property for sale in Indian Harbor Beach at 520 Palm Springs Blvd APT 503, Indian Harbor Beach, FL, 32937 priced at $239,900 converts $3,592/mo rent into $1,336/mo cash flow after a $1,174/mo obligation. Total monthly income equals $3,592/mo, and annual cash flow totals $16,035/yr on $79,527 invested. Return on cash invested prints 40.07% in year one, and rental yield reads 17.97% against a $239,900 entry. Equity gained on principal adds $1,548/yr, while 5% annual appreciation compiles into $66,280 by year five. Five-year ROI reaches 215.24% and total cumulative return in cash sums $171,175. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,592/mo property income covering a $1,174/mo payment, not borrower’s personal income.
Condo
Built in 1981
871.20 sqft lot
$N/A/sqft
$542 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tatyana Weinstein • Salt Water Realty of Brevard
Mls Name: Space Coast AOR
Mls ID: #1001151
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.