675 Caribbean RdSatellite 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
Investment property for sale in Satellite Beach at 675 Caribbean Rd, Satellite Beach, FL, 32937 with 5% annual appreciation on a $717,000 basis while $7,140/mo rent supports operations. Total monthly income totals $7,140/mo and a $3,509/mo payment preserves $2,382/mo for cash returns. Annual cash flow comes to $28,587/yr on $235,893 deployed, and return on cash invested reaches 32.18% in year one. Equity gained on principal adds $4,627/yr, and five-year appreciation sums $198,094 alongside rental yield of 11.95%. Five-year ROI measures 169.21% and total cumulative return in cash totals $399,145.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $7,140/mo property income versus a $3,509/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1976
0.27 Acres 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
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Listed by: Peggy Penridge • RE/MAX Elite
Mls Name: Space Coast AOR
Mls ID: #1018658
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.