165 Melaleuca 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 165 Melaleuca Dr, Satellite Beach, FL, 32937 priced at $429,000 pairs $3,649/mo rent with $802/mo cash flow after a $2,100/mo payment. Total monthly income equals $3,649/mo, and annual cash flow comes to $9,622/yr on $142,214 invested. Return on cash invested is 26.67% in year one, and rental yield stands at 10.21% on a $429,000 basis. Equity gained on principal adds $2,768/yr, and 5% annual appreciation accumulates to $118,525 by year five. Five-year ROI measures 139.71% and total cumulative return in cash reaches $198,685. For financing, Ziffy Mortgage’s DSCR program evaluates $3,649/mo property income against a $2,100/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1961
8,276 sqft lot
$N/A/sqft
No 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: Todd Tracy • Keller Williams Realty Brevard
Mls Name: Space Coast AOR
Mls ID: #1061773