231 Ocean BlvdSatellite 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 231 Ocean Blvd, Satellite Beach, FL, 32937 priced at $671,600 pairs $3,622/mo rent with after a $3,287/mo payment. Total monthly income equals $3,622/mo. Return on cash invested is 15.53% in year one, and rental yield stands at 6.47% on a $671,600 basis. Equity gained on principal adds $4,334/yr, and 5% annual appreciation accumulates to $185,551 by year five. Five-year ROI measures 79.91% and total cumulative return in cash reaches $176,571. For financing, Ziffy Mortgage’s DSCR program evaluates $3,622/mo property income against a $3,287/mo payment instead of your W2s, 1099s, or Tax returns.
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
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Listed by: N/A • N/A
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