880 PARADISE LaneAtlantic BeachFL32233
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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 Atlantic Beach at 880 PARADISE Lane, Atlantic Beach, FL, 32233 priced at $925,000 converts $4,661/mo rent into after a $4,527/mo obligation. Total monthly income equals $4,661/mo. Return on cash invested prints 14.24% in year one, and rental yield reads 6.05% against a $925,000 entry. Equity gained on principal adds $5,969/yr, while 5% annual appreciation compiles into $255,560 by year five. Five-year ROI reaches 72.97% and total cumulative return in cash sums $222,073. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,661/mo property income covering a $4,527/mo payment, not borrower’s personal income.
Single Family
Built in 2006
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32233, Atlantic Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,880 (100%) |
| Owner Occupied HU | 6,374 (53.7%) |
| Renter Occupied HU | 4,680 (39.4%) |
| Vacant Housing Units | 826 ( 7.0%) |
| Median Home Value | $455,507 |
| Average Home Value | $606,977 |
Housing Distribution
Address Breakdown
Residential
11,802
Single Family
9,212
Multi-Family
2,590
Businesses
736
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Listed by: PATRICIA FOSKO LLC • BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY
Mls Name: realMLS
Mls ID: #2084599