608 River View RdFlagler BeachFL32136
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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 Flagler Beach at 608 River View Rd, Flagler Beach, FL, 32136 offers $6,065/mo rent that, after a $5,604/mo payment. Total monthly income is $6,065/mo. Return on cash invested measures 15.41% in year one, and rental yield stands at 6.36% at a $1,145,000 entry. Equity gained on principal adds $7,389/yr while 5% annual appreciation compounds into $316,342 by year five. Five-year ROI records 79.22% and total cumulative return in cash reaches $293,880. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $6,065/mo property income versus a $5,604/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1998
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32136, Flagler Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,295 (100%) |
| Owner Occupied HU | 4,052 (64.4%) |
| Renter Occupied HU | 788 (12.5%) |
| Vacant Housing Units | 1,455 (23.1%) |
| Median Home Value | $506,713 |
| Average Home Value | $557,530 |
Housing Distribution
Address Breakdown
Residential
5,004
Single Family
4,677
Multi-Family
327
Businesses
427
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Listed by: Debra Wingo • The Selby Group Inc
Mls Name: DBAMLS
Mls Provider:
Mls ID: #1120882
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.