93 Montecito DrSatellite 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 93 Montecito Dr, Satellite Beach, FL, 32937 generates $3,750/mo in rent and, after a $2,545/mo payment, leaves $300/mo in cash flow. Total monthly income is $3,750/mo, and annual cash flow is $3,594/yr on $171,047 invested. Return on cash invested sits at 22.16% in year one, and rental yield is 8.66% on a $519,900 entry. Equity gained on principal adds $3,355/yr, while 5% annual appreciation builds toward $143,639 over five years. Five-year ROI reaches 115.49% and total cumulative return in cash sums $197,536. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,750/mo property income rather than buyer’s personal income.
Townhouse
Built in 2021
2,613 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
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Listed by: Lisa M Clough • Brevard Realty Specialists,Inc
Mls Name: Space Coast AOR
Mls ID: #1060839