419 Lanternback Island DrSatellite BeachFL32937
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 419 Lanternback Island Dr, Satellite Beach, FL, 32937 at $998,000 posts ROI 21.29% with $338/mo cash flow from $6,961/mo rent. Total monthly income equals $6,961/mo, and annual cash flow records $4,054/yr on $328,342 to close. Return on cash invested measures 21.29% and rental yield reads 8.37% at the current $998,000. Equity gained on principal adds $6,440/yr, and 5% annual appreciation supports $275,729 by year five. Five-year ROI prints 110.83% and total cumulative return in cash totals $363,900.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $6,961/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1989
0.37 Acres 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: Karen Nierenberg • 1 Percent Lists FL's Finest
Mls Name: Space Coast AOR
Mls ID: #1058852