181 SE 3rd StSatellite 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 Satellite Beach at 181 SE 3rd St, Satellite Beach, FL, 32937 uses $115,694 cash to close to unlock $446/yr annual cash flow and $37/mo monthly cash flow. Total monthly income runs $2,353/mo, and a $1,708/mo payment keeps the spread at $37/mo. Purchase price stands at $349,000, and rental yield measures 8.09% with $2,353/mo rent. Return on cash invested shows 20.29% in year one, and 5% annual appreciation builds toward $96,422 over five years. Five-year ROI reaches 105.53% and total cumulative return in cash records $122,088. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,353/mo property income covering a $1,708/mo payment rather than investor’s personal income.
Single Family
Built in 1958
7,840 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: Thomas Arnold • Blue Marlin Real Estate
Mls Name: Space Coast AOR
Mls ID: #1063801