579 Highway A1a APT 302Satellite 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 579 Highway A1a APT 302, Satellite Beach, FL, 32937 generates $3,700/mo in rent, after a $4,547/mo payment. Total monthly income is $3,700/mo. Return on cash invested sits at 6.8% in year one, and rental yield is 4.78% on a $929,000 entry. Equity gained on principal adds $5,995/yr, while 5% annual appreciation builds toward $256,666 over five years. Five-year ROI reaches 34.4% and total cumulative return in cash sums $105,140. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,700/mo property income rather than buyer’s personal income.
Condo
Built in 1997
2,613 sqft lot
$N/A/sqft
$912 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: Anita M Iannuzzi • RE/MAX Aerospace Realty
Mls Name: Space Coast AOR
Mls ID: #1043798
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.