250 Melaleuca DrSatellite 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 250 Melaleuca Dr, Satellite Beach, FL, 32937 with 5% annual appreciation on a $432,000 basis while $3,335/mo rent supports operations. Total monthly income totals $3,335/mo and a $2,114/mo payment preserves $469/mo for cash returns. Annual cash flow comes to $5,623/yr on $143,208 deployed, and return on cash invested reaches 23.84% in year one. Equity gained on principal adds $2,788/yr, and five-year appreciation sums $119,354 alongside rental yield of 9.26%. Five-year ROI measures 124.5% and total cumulative return in cash totals $178,291.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,335/mo property income versus a $2,114/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1961
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: Joanie Shepherd • Prominent Properties of FL,LLC
Mls Name: Space Coast AOR
Mls ID: #1054573