459 Ibis Ln #4-12Satellite 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 459 Ibis Ln #4-12, Satellite Beach, FL, 32937 generates $3,224/mo in rent and, after a $1,664/mo payment, leaves $968/mo in cash flow. Total monthly income is $3,224/mo, and annual cash flow is $11,616/yr on $112,677 invested. Return on cash invested sits at 30.22% in year one, and rental yield is 11.38% on a $339,900 entry. Equity gained on principal adds $2,193/yr, while 5% annual appreciation builds toward $93,908 over five years. Five-year ROI reaches 158.77% and total cumulative return in cash sums $178,895. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,224/mo property income rather than buyer’s personal income.
Condo
Built in 1979
3,049 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: Cara Mattingly • Florida Homes Rlty. & Mtg. LLC
Mls Name: Space Coast AOR
Mls ID: #1066066