601 N Miramar Ave APT 314IndialanticFL32903
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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
Total monthly income runs $5,981/mo, and a $5,873/mo payment. Purchase price stands at $1,200,000, and rental yield measures 5.98% with $5,981/mo rent. Return on cash invested shows 9.77% in year one, and 5% annual appreciation builds toward $331,538 over five years. Five-year ROI reaches 50.58% and total cumulative return in cash records $196,655. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,981/mo property income covering a $5,873/mo payment rather than investor’s personal income.
Condo
Built in 2006
2,178 sqft lot
$N/A/sqft
$905 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32903, Indialantic, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,168 (100%) |
| Owner Occupied HU | 4,984 (69.5%) |
| Renter Occupied HU | 1,264 (17.6%) |
| Vacant Housing Units | 920 (12.8%) |
| Median Home Value | $592,903 |
| Average Home Value | $628,684 |
Housing Distribution
Address Breakdown
Residential
6,686
Single Family
5,455
Multi-Family
1,231
Businesses
481
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Listed by: Dee Dee R Davis • BHHS Florida Realty
Mls Name: Space Coast AOR
Mls ID: #1048212
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