6989 SE Ridgeway TerrHobe 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
Investment property for sale in Hobe Sound at 6989 SE Ridgeway Terr, Hobe Sound, FL, 33455 uses $104,389 cash to close to unlock $1,939/yr annual cash flow and $162/mo monthly cash flow. Total monthly income runs $2,251/mo, and a $1,541/mo payment keeps the spread at $162/mo. Purchase price stands at $314,900, and rental yield measures 8.58% with $2,251/mo rent. Return on cash invested shows 21.77% in year one, and 5% annual appreciation builds toward $87,001 over five years. Five-year ROI reaches 113.4% and total cumulative return in cash records $118,378. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,251/mo property income covering a $1,541/mo payment rather than investor’s personal income.
Manufactured
Built in 2025
6,229 sqft lot
$N/A/sqft
No 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: Hayley Cole Dunford • Realty Center International
Mls Name: BeachesMLS
Mls ID: #F10513310