6260 SE Monticello TerraceHobe SoundFL33455
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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 Hobe Sound at 6260 SE Monticello Terrace, Hobe Sound, FL, 33455 priced at $289,900 pairs $2,814/mo rent with $357/mo cash flow after a $1,419/mo payment. Total monthly income equals $2,814/mo, and annual cash flow comes to $4,285/yr on $96,102 invested. Return on cash invested is 24.37% in year one, and rental yield stands at 11.65% on a $289,900 basis. Equity gained on principal adds $1,871/yr, and 5% annual appreciation accumulates to $80,094 by year five. Five-year ROI measures 129.78% and total cumulative return in cash reaches $124,725. For financing, Ziffy Mortgage’s DSCR program evaluates $2,814/mo property income against a $1,419/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1990
2,048 sqft lot
$N/A/sqft
$533 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33455, Hobe Sound, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,635 (100%) |
| Owner Occupied HU | 8,822 (69.8%) |
| Renter Occupied HU | 1,721 (13.6%) |
| Vacant Housing Units | 2,092 (16.6%) |
| Median Home Value | $463,889 |
| Average Home Value | $609,960 |
Housing Distribution
Address Breakdown
Residential
11,569
Single Family
10,778
Multi-Family
791
Businesses
504
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Listed by: Tammy Fitzherbert • Baron Real Estate
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11045149
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2024 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.