700 Wave Crest Ave #301IndialanticFL32903
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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 Indialantic at 700 Wave Crest Ave #301, Indialantic, FL, 32903 uses $239,512 cash to close to unlock $14,029/yr annual cash flow and $1,169/mo monthly cash flow. Total monthly income runs $6,000/mo, and a $3,563/mo payment keeps the spread at $1,169/mo. Purchase price stands at $728,000, and rental yield measures 9.89% with $6,000/mo rent. Return on cash invested shows 25.92% in year one, and 5% annual appreciation builds toward $201,133 over five years. Five-year ROI reaches 135.63% and total cumulative return in cash records $324,851. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,000/mo property income covering a $3,563/mo payment rather than investor’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: David Andai • Compass Florida LLC
Mls Name: Space Coast AOR
Mls ID: #1063980