368 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
Rental property for sale in Satellite Beach at 368 Ocean Spray Ave, Satellite Beach, FL, 32937 offers $4,982/mo rent that, after a $2,594/mo payment, leaves $1,465/mo cash flow. Total monthly income is $4,982/mo, and annual cash flow is $17,579/yr on $174,370 cash. Return on cash invested measures 30.14% in year one, and rental yield stands at 11.28% at a $530,000 entry. Equity gained on principal adds $3,420/yr while 5% annual appreciation compounds into $146,429 by year five. Five-year ROI records 158.27% and total cumulative return in cash reaches $275,971. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,982/mo property income versus a $2,594/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1961
8,712 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: Ellie M Chan • RE/MAX Aerospace Realty
Mls Name: Space Coast AOR
Mls ID: #1066090