442 Dove Ln #5-9Satellite 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 442 Dove Ln #5-9, Satellite Beach, FL, 32937 uses $115,992 cash to close to unlock $8,503/yr annual cash flow and $709/mo monthly cash flow. Total monthly income runs $3,031/mo, and a $1,713/mo payment keeps the spread at $709/mo. Purchase price stands at $349,900, and rental yield measures 10.39% with $3,031/mo rent. Return on cash invested shows 27.24% in year one, and 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 142.75% and total cumulative return in cash records $165,582. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,031/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Condo
Built in 1978
2,613 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: Katherine Conrad • Denovo Realty
Mls Name: Space Coast AOR
Mls ID: #1065932