407 Ibis Ln #46Satellite 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 407 Ibis Ln #46, Satellite Beach, FL, 32937 offers a 10.73% rental yield on a $325,000 purchase with $2,905/mo rent. Total monthly income registers $2,905/mo, and a $1,591/mo payment leaves $748/mo available for distribution. Annual cash flow reaches $8,976/yr on $107,738 to close, and return on cash invested stands at 28.24% in year one. Equity gained on principal adds $2,097/yr while 5% annual appreciation supports $89,792 over five years. Portfolio math shows five-year ROI at 148.11% and total cumulative return in cash at $159,565. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,905/mo property income against a $1,591/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1975
3,920 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: Ryan Moreau • Florida East Coast Real Estate
Mls Name: Space Coast AOR
Mls ID: #1062900