520 Palm Springs Blvd APT 513Indian 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 520 Palm Springs Blvd APT 513, Indian Harbour Beach, FL, 32937 uses $106,047 cash to close to unlock $3,178/yr annual cash flow and $265/mo monthly cash flow. Total monthly income runs $2,388/mo, and a $1,566/mo payment keeps the spread at $265/mo. Purchase price stands at $319,900, and rental yield measures 8.96% with $2,388/mo rent. Return on cash invested shows 22.91% in year one, and 5% annual appreciation builds toward $88,382 over five years. Five-year ROI reaches 119.5% and total cumulative return in cash records $126,728. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,388/mo property income covering a $1,566/mo payment rather than investor’s personal income.
Condo
Built in 1981
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: Janet G Allen • Sandy Shoes Realty, Inc.
Mls Name: Space Coast AOR
Mls ID: #1067386