551 Florida #A1ASatellite 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 551 Florida #A1A, Satellite Beach, FL, 32937 offers $3,600/mo rent that, after a $4,850/mo payment. Total monthly income is $3,600/mo. Return on cash invested measures 5.52% in year one, and rental yield stands at 4.36% at a $990,999 entry. Equity gained on principal adds $6,395/yr while 5% annual appreciation compounds into $273,795 by year five. Five-year ROI records 27.56% and total cumulative return in cash reaches $89,842. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,600/mo property income versus a $4,850/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1979
6,970 sqft lot
$N/A/sqft
$974 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
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Listed by: Joseph Sipp • KELLER WILLIAMS WINTER PARK
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #O6234819
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. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511