737 Palm Springs CirIndian Harbour BeachFL32937
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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 Indian Harbour Beach at 737 Palm Springs Cir, Indian Harbour Beach, FL, 32937 with 5% annual appreciation on a $354,999 basis while $2,470/mo rent supports operations. Total monthly income totals $2,470/mo and a $1,738/mo payment preserves $114/mo for cash returns. Annual cash flow comes to $1,365/yr on $117,682 deployed, and return on cash invested reaches 21.07% in year one. Equity gained on principal adds $2,291/yr, and five-year appreciation sums $98,080 alongside rental yield of 8.35%. Five-year ROI measures 109.65% and total cumulative return in cash totals $129,035.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,470/mo property income versus a $1,738/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Townhouse
Built in 1988
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32937, Satellite Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,207 (100%) |
| Owner Occupied HU | 9,838 (69.2%) |
| Renter Occupied HU | 2,495 (17.6%) |
| Vacant Housing Units | 1,874 (13.2%) |
| Median Home Value | $498,245 |
| Average Home Value | $575,100 |
Housing Distribution
Address Breakdown
Residential
12,570
Single Family
10,758
Multi-Family
1,812
Businesses
1,010
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Listed by: Cartama Ramos Crafton • Denovo Realty
Mls Name: Space Coast AOR
Mls ID: #1058813