824 Indian River AveTitusvilleFL32780
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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 Titusville at 824 Indian River Ave, Titusville, FL, 32780 priced at $399,999 converts $2,472/mo rent into after a $1,958/mo obligation. Total monthly income equals $2,472/mo. Return on cash invested prints 18.26% in year one, and rental yield reads 7.42% against a $399,999 entry. Equity gained on principal adds $2,581/yr, while 5% annual appreciation compiles into $110,512 by year five. Five-year ROI reaches 94.59% and total cumulative return in cash sums $125,427. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,472/mo property income covering a $1,958/mo payment, not borrower’s personal income.
Single Family
Built in 1945
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32780, Titusville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,611 (100%) |
| Owner Occupied HU | 12,739 (61.8%) |
| Renter Occupied HU | 5,629 (27.3%) |
| Vacant Housing Units | 2,243 (10.9%) |
| Median Home Value | $360,092 |
| Average Home Value | $405,570 |
Housing Distribution
Address Breakdown
Residential
18,530
Single Family
16,047
Multi-Family
2,483
Businesses
1,051
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Listed by: Amanda Carrie Maidhof • Premium Properties Real Estate
Mls Name: Space Coast AOR
Mls ID: #1057492
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.