616 Clearwater AveSatellite BeachFL32937
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
Investment Highlights
Investment property for sale in Satellite Beach at 616 Clearwater Ave, Satellite Beach, FL, 32937 with 5% annual appreciation on a $840,000 basis while $4,409/mo rent supports operations. Equity gained on principal adds $5,420/yr, and five-year appreciation sums $232,077 alongside rental yield of 6.3%. Five-year ROI measures 77.07% and total cumulative return in cash totals $212,990. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,409/mo property income versus a $4,111/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2023
6,098 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Waylon Duff • Keller Williams Space Coast
Mls Name: Space Coast AOR
Mls ID: #1060483