902 Cashew CircleBarefoot BayFL32976
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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 Barefoot Bay at 902 Cashew Circle, Barefoot Bay, FL, 32976 priced at $144,900 converts $2,160/mo rent into $1,065/mo cash flow after a $709/mo obligation. Total monthly income equals $2,160/mo, and annual cash flow totals $12,786/yr on $48,034 invested. Return on cash invested prints 46.53% in year one, and rental yield reads 17.89% against a $144,900 entry. Equity gained on principal adds $935/yr, while 5% annual appreciation compiles into $40,033 by year five. Five-year ROI reaches 247.45% and total cumulative return in cash sums $118,861. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,160/mo property income covering a $709/mo payment, not borrower’s personal income.
Manufactured
Built in 1979
3,920 sqft lot
$N/A/sqft
$81 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: Erica Ogilvie • RE/MAX Crown Realty
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11037399
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2024 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.