800 E Gulf Blvd APT 5, Indian Rocks Beach, FL, 33785 | $123/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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800 E Gulf Blvd APT 5, Indian Rocks Beach, FL, 33785 | $123/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Indian Rocks Beach at 800 E Gulf Blvd APT 5, Indian Rocks Beach, FL, 33785 earns $123/mo cash flow from $2,572/mo rent with a $1,806/mo payment. Total monthly income totals $2,572/mo, and annual cash flow totals $1,480/yr on $122,324 capital. ROI tracks 21.12% on current figures, and rental yield reads 8.36% at a $369,000 purchase. Equity gained on principal adds $2,381/yr, and 5% annual appreciation supports $101,948 over five years. Five-year ROI reaches 109.93% and total cumulative return in cash sums $134,475. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,572/mo property income instead of your personal income.

Condo

Built in 1979

N/A lot

$N/A/sqft

No HOA

More details about the property

Flip flop beach living awaits! ELEVATED CONDO located just 2 BLOCKS from DIRECT ACCESS to arguably one of the BEST BEACHES ON THE GULF (Indian Rocks Beach), and a short distance to a plethora of FUN IN THE SUN BEACH TOWN ACTIVITIES. This 2 bedroom / 1 bath unit offers a FANTASTIC OPPORTUNITY to own a SLICE OF PARADISE without the price tag. QUIET NEIGHBORHOOD FEEL with a HUGE FRONT DECK to relax with a favorite book or beverage. AVAILABLE FULLY FURNISHED/TURNKEY, the WELCOMING INTERIOR LAYOUT makes GREAT USE OF SPACE, offering COMFORTABLE, OPEN PLAN kitchen / living / dining areas, AND being an END UNIT there is a lot of EXTRA NATURAL LIGHT. Easy care LUXURY VINYL FLOORING in all living spaces (tile in the bathroom) plus CROWN MOLDING throughout. NEW HVAC (DEC. 2024), ELECTRIC PANEL 2019refer to additional info. sheet for ages and stages of appliances etc. Assigned UNDER BUILDING PARKING (can fit up to 4 CARS!)...and just wait until you see the size of the PRIVATE STORAGE ROOM! Self managed association with a total of 5 units in the building. 2 PETS (cats or dogs) ALLOWED, NO WEIGHT LIMIT. 30 day minimum rental with a maximum of 3 leases in a 12 month period. IRB is an OUTSTANDING, FRIENDLY AND HIGHLY DESIRABLE BEACH COMMUNITY for full-time / seasonal residents and visitors alike. GOLF-CART FRIENDLY with designated golf cart parking spaces at the beach accesses. Community pickleball and tennis courts, playgrounds and several parks (including a waterfront nature park), dog park, resident reserved beach parking, IRB resident use only boat ramp, plus great local restaurants and shops ALL within the IRB community. Be sure to VIEW THE 3D TOUR link for an immediate walk through experience, and schedule your in person visit today! DONT FORGET YOUR FLIP FLOPS!

Neighborhood Data

Neighborhood data shown for ZIP Code: 33785, Indian Rocks Beach, FL area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,066 (100%)
Owner Occupied HU	2,107 (34.7%)
Renter Occupied HU	584 ( 9.6%)
Vacant Housing Units	3,375 (55.6%)
Median Home Value	$788,723
Average Home Value	$969,783