215 NE 2nd 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
Rental property for sale in Satellite Beach at 215 NE 2nd St, Satellite Beach, FL, 32937 generates $3,463/mo in rent and, after a $2,080/mo payment, leaves $643/mo in cash flow. Total monthly income is $3,463/mo, and annual cash flow is $7,713/yr on $140,888 invested. Return on cash invested sits at 25.38% in year one, and rental yield is 9.78% on a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 132.78% and total cumulative return in cash sums $187,073. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,463/mo property income rather than buyer’s personal income.
Single Family
Built in 1958
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: Jason Engle • RE/MAX Solutions
Mls Name: Space Coast AOR
Mls ID: #1040182
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.