285 Ocean Spray AveSatellite 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 285 Ocean Spray Ave, Satellite Beach, FL, 32937 uses $149,142 cash to close to unlock $5,621/yr annual cash flow and $468/mo monthly cash flow. Total monthly income runs $3,454/mo, and a $2,202/mo payment keeps the spread at $468/mo. Purchase price stands at $449,900, and rental yield measures 9.21% with $3,454/mo rent. Return on cash invested shows 23.68% in year one, and 5% annual appreciation builds toward $124,299 over five years. Five-year ROI reaches 123.66% and total cumulative return in cash records $184,426. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,454/mo property income covering a $2,202/mo payment rather than investor’s personal income.
Single Family
Built in 1961
9,583 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: Carrie Cabrera • EXP REALTY LLC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #O6286335
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. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511