55 Sea Park Blvd APT 504Satellite BeachFL32937
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThis is a cash-flow-light asset: 55 Sea Park Blvd APT 504, Satellite Beach, FL, 32937 in Satellite Beach, $219,900, 10.05% gross yield, $38/mo net income. Consider it a market-entry position, the $1,841/mo rent covers the $989/mo payment with a margin, and 5%/yr appreciation is projected to add $60,754 to the asset's value over five years. Ziffy Mortgage approves DSCR loans (coverage 1.86) for non-U.S. residents without domestic income documentation. Consider a higher down payment to widen the monthly margin. Total projected return: $87,773.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.1% | 6.0% |
| Monthly Cash Flow | $38 | $1,500 |
City averages based on Satellite Beach market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,841 |
| Total Monthly Debt Service | $1,716 |
| DSCR Ratio | 1.07x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1962
2,178 sqft lot
$N/A/sqft
$344 monthly 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
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
Condo
Built in 1962
2,178 sqft lot
$N/A/sqft
$344 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Paul Frommann II • Coldwell Banker Paradise
Mls Name: Space Coast AOR
Mls ID: #1041998
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.