241 NE 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 241 NE 3rd St, Satellite Beach, FL, 32937 listed at $439,000 pairs $3,080/mo rent with a $2,149/mo payment to leave $161/mo cash flow. Total monthly income runs $3,080/mo, and annual cash flow reaches $1,927/yr on $145,529 cash to close. Return on cash invested measures 21.23% in year one, and rental yield registers 8.42% at a $439,000 basis. Equity gained on principal adds $2,833/yr, and annual property appreciation at 5% supports $121,288 by year five. Five-year ROI tracks 110.55% and total cumulative return in cash totals $160,880. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,080/mo property income relative to a $2,149/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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: Tamara Crisafulli • Denovo Realty
Mls Name: Space Coast AOR
Mls ID: #1013679
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.