405 Highway A1a APT 324Satellite 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 405 Highway A1a APT 324, Satellite Beach, FL, 32937 uses $229,971 cash to close to unlock $2,851/yr annual cash flow and $238/mo monthly cash flow. Total monthly income runs $4,876/mo, and a $3,421/mo payment keeps the spread at $238/mo. Purchase price stands at $699,000, and rental yield measures 8.37% with $4,876/mo rent. Return on cash invested shows 21.3% in year one, and 5% annual appreciation builds toward $193,121 over five years. Five-year ROI reaches 110.86% and total cumulative return in cash records $254,942. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,876/mo property income covering a $3,421/mo payment rather than investor’s personal income.
Condo
Built in 1987
2,178 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: Juanita Ballew • Walker Bagwell Properties Ltd
Mls Name: Space Coast AOR
Mls ID: #1056207