615 Cumberland DrFlagler 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 615 Cumberland Dr, Flagler Beach, FL, 32136 priced at $1,185,000 converts $3,960/mo rent into after a $5,800/mo obligation. Total monthly income equals $3,960/mo. Return on cash invested prints 8.17% in year one, and rental yield reads 4.01% against a $1,185,000 entry. Equity gained on principal adds $7,647/yr, while 5% annual appreciation compiles into $327,394 by year five. Five-year ROI reaches 40.4% and total cumulative return in cash sums $155,094. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,960/mo property income covering a $5,800/mo payment, not borrower’s personal income.
Single Family
Built in 1978
10,454 sqft 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: Johanna Sawdai • One Sotheby's International Realty
Mls Name: DBAMLS
Mls ID: #1218250