128 Redondo DrSatellite 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
Rental property for sale in Satellite Beach at 128 Redondo Dr, Satellite Beach, FL, 32937 priced at $517,000 pairs $3,984/mo rent with $304/mo cash flow after a $2,530/mo payment. Total monthly income equals $3,984/mo, and annual cash flow comes to $3,647/yr on $170,093 invested. Return on cash invested is 22.2% in year one, and rental yield stands at 9.25% on a $517,000 basis. Equity gained on principal adds $3,336/yr, and 5% annual appreciation accumulates to $142,838 by year five. Five-year ROI measures 116.34% and total cumulative return in cash reaches $197,885. For financing, Ziffy Mortgage’s DSCR program evaluates $3,984/mo property income against a $2,530/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 2016
2,613 sqft lot
$N/A/sqft
$95 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: Benjamin J. Houck • One Sotheby's International
Mls Name: Space Coast AOR
Mls ID: #1045483
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.