907 Palm Springs Blvd APT DIndian Harbour BeachFL32937
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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
Investment property for sale in Indian Harbour Beach at 907 Palm Springs Blvd APT D, Indian Harbour Beach, FL, 32937 with 5% annual appreciation on a $149,000 basis while $2,177/mo rent supports operations. Total monthly income totals $2,177/mo and a $729/mo payment preserves $502/mo for cash returns. Annual cash flow comes to $6,023/yr on $49,394 deployed, and return on cash invested reaches 32.1% in year one. Equity gained on principal adds $961/yr, and five-year appreciation sums $41,166 alongside rental yield of 17.53%. Five-year ROI measures 174.86% and total cumulative return in cash totals $86,368.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,177/mo property income versus a $729/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1964
4,356 sqft lot
$N/A/sqft
$624 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32937, Satellite Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,207 (100%) |
| Owner Occupied HU | 9,838 (69.2%) |
| Renter Occupied HU | 2,495 (17.6%) |
| Vacant Housing Units | 1,874 (13.2%) |
| Median Home Value | $498,245 |
| Average Home Value | $575,100 |
Housing Distribution
Address Breakdown
Residential
12,570
Single Family
10,758
Multi-Family
1,812
Businesses
1,010
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Listed by: Greg Jean-Denis • Jano Properties, LLC
Mls Name: Space Coast AOR
Mls ID: #1009376
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.