7637 Niantic Ave #T5MiccoFL32976
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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 Micco at 7637 Niantic Ave #T5, Micco, FL, 32976 uses $51,001 cash to close to unlock $1,429/yr annual cash flow and $119/mo monthly cash flow. Total monthly income runs $1,223/mo, and a $753/mo payment keeps the spread at $119/mo. Purchase price stands at $153,850, and rental yield measures 9.54% with $1,223/mo rent. Return on cash invested shows 22.71% in year one, and 5% annual appreciation builds toward $42,506 over five years. Five-year ROI reaches 119.25% and total cumulative return in cash records $60,819. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,223/mo property income covering a $753/mo payment rather than investor’s personal income.
Condo
Built in 1991
6,098 sqft lot
$N/A/sqft
$50 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32976, Sebastian, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,871 (100%) |
| Owner Occupied HU | 5,046 (73.4%) |
| Renter Occupied HU | 605 ( 8.8%) |
| Vacant Housing Units | 1,220 (17.8%) |
| Median Home Value | $149,704 |
| Average Home Value | $220,074 |
Housing Distribution
Address Breakdown
Residential
6,657
Single Family
6,614
Multi-Family
43
Businesses
108
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Listed by: Diana E Buck • Diana Buck Real Estate, Inc.
Mls Name: Space Coast AOR
Mls ID: #1042920
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.