89 Merrimac DrFlagler BeachFL32136
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Flagler Beach at 89 Merrimac Dr, Flagler Beach, FL, 32136 at $229,000 posts ROI 21.22% with $83/mo cash flow from $1,603/mo rent. Total monthly income equals $1,603/mo, and annual cash flow records $998/yr on $75,914 to close. Return on cash invested measures 21.22% and rental yield reads 8.4% at the current $229,000. Equity gained on principal adds $1,478/yr, and 5% annual appreciation supports $63,268 by year five. Five-year ROI prints 110.52% and total cumulative return in cash totals $83,897.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,603/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Manufactured
Built in 1982
3,546 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32136, Flagler Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,295 (100%) |
| Owner Occupied HU | 4,052 (64.4%) |
| Renter Occupied HU | 788 (12.5%) |
| Vacant Housing Units | 1,455 (23.1%) |
| Median Home Value | $506,713 |
| Average Home Value | $557,530 |
Housing Distribution
Address Breakdown
Residential
5,004
Single Family
4,677
Multi-Family
327
Businesses
427
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Listed by: Donna McIntyre • CLARION GROUP, INC.
Mls Name: Stellar MLS
Mls ID: #FC309842