228 NE 1st CtSatellite BeachFL32937
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 228 NE 1st Ct, Satellite Beach, FL, 32937 uses $196,742 cash to close to unlock $6,348/yr annual cash flow and $529/mo monthly cash flow. Total monthly income runs $4,498/mo, and a $2,927/mo payment keeps the spread at $529/mo. Purchase price stands at $598,000, and rental yield measures 9.03% with $4,498/mo rent. Return on cash invested shows 23.29% in year one, and 5% annual appreciation builds toward $165,216 over five years. Five-year ROI reaches 121.5% and total cumulative return in cash records $239,048. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,498/mo property income covering a $2,927/mo payment rather than investor’s personal income.
Single Family
Built in 1958
9,147 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lisa Springer • Keller Williams Realty Brevard
Mls Name: Space Coast AOR
Mls ID: #1043230
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.