603 Garland CirIndian Rocks BeachFL33785
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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 Indian Rocks Beach at 603 Garland Cir, Indian Rocks Beach, FL, 33785 priced at $555,000 converts $3,330/mo rent into after a $2,716/mo obligation. Total monthly income equals $3,330/mo. Return on cash invested prints 17.74% in year one, and rental yield reads 7.2% against a $555,000 entry. Equity gained on principal adds $3,581/yr, while 5% annual appreciation compiles into $153,336 by year five. Five-year ROI reaches 91.79% and total cumulative return in cash sums $167,612. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,330/mo property income covering a $2,716/mo payment, not borrower’s personal income.
Townhouse
Built in 1994
1,189 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33785, Indian Rocks Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,066 (100%) |
| Owner Occupied HU | 2,107 (34.7%) |
| Renter Occupied HU | 584 ( 9.6%) |
| Vacant Housing Units | 3,375 (55.6%) |
| Median Home Value | $788,723 |
| Average Home Value | $969,783 |
Housing Distribution
Address Breakdown
Residential
3,362
Single Family
2,266
Multi-Family
1,096
Businesses
395
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Listed by: Monica McWilliams • SUNSET REALTY GROUP
Mls Name: Stellar MLS
Mls ID: #TB8438082