603 Grant CtSatellite 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 603 Grant Ct, Satellite Beach, FL, 32937 priced at $315,000 converts $2,854/mo rent into $496/mo cash flow after a $1,542/mo obligation. Total monthly income equals $2,854/mo, and annual cash flow totals $5,957/yr on $104,423 invested. Return on cash invested prints 25.61% in year one, and rental yield reads 10.87% against a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation compiles into $87,029 by year five. Five-year ROI reaches 135.15% and total cumulative return in cash sums $141,125. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,854/mo property income covering a $1,542/mo payment, not borrower’s personal income.
Townhouse
Built in 2001
2,178 sqft lot
$N/A/sqft
$300 quarterly 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: Mike Struttmann • Relentless Real Estate Co.
Mls Name: Space Coast AOR
Mls ID: #1053456
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.