700 Wave Crest Ave #102IndialanticFL32903
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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 Indialantic at 700 Wave Crest Ave #102, Indialantic, FL, 32903 generates $4,433/mo in rent and, after a $2,442/mo payment, leaves $1,122/mo in cash flow. Total monthly income is $4,433/mo, and annual cash flow is $13,463/yr on $165,419 invested. Return on cash invested sits at 28.05% in year one, and rental yield is 10.66% on a $499,000 entry. Equity gained on principal adds $3,220/yr, while 5% annual appreciation builds toward $137,865 over five years. Five-year ROI reaches 147.06% and total cumulative return in cash sums $243,270. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,433/mo property income rather than buyer’s personal income.
Condo
Built in 1983
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32903, Indialantic, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,168 (100%) |
| Owner Occupied HU | 4,984 (69.5%) |
| Renter Occupied HU | 1,264 (17.6%) |
| Vacant Housing Units | 920 (12.8%) |
| Median Home Value | $592,903 |
| Average Home Value | $628,684 |
Housing Distribution
Address Breakdown
Residential
6,686
Single Family
5,455
Multi-Family
1,231
Businesses
481
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Listed by: Crystal Canina • EXP Realty LLC
Mls Name: Space Coast AOR
Mls ID: #1052046