117 Mohican WayMelbourne BeachFL32951
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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 Melbourne Beach at 117 Mohican Way, Melbourne Beach, FL, 32951 priced at $1,210,000 pairs $7,194/mo rent with after a $5,922/mo payment. Total monthly income equals $7,194/mo. Return on cash invested is 17.81% in year one, and rental yield stands at 7.13% on a $1,210,000 basis. Equity gained on principal adds $7,808/yr, and 5% annual appreciation accumulates to $334,301 by year five. Five-year ROI measures 92.1% and total cumulative return in cash reaches $361,075. For financing, Ziffy Mortgage’s DSCR program evaluates $7,194/mo property income against a $5,922/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2001
0.30 Acres lot
$N/A/sqft
$75 voluntary HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32951, Melbourne Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,201 (100%) |
| Owner Occupied HU | 5,115 (71.0%) |
| Renter Occupied HU | 559 ( 7.8%) |
| Vacant Housing Units | 1,527 (21.2%) |
| Median Home Value | $609,081 |
| Average Home Value | $720,236 |
Housing Distribution
Address Breakdown
Residential
6,285
Single Family
5,166
Multi-Family
1,119
Businesses
282
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Listed by: Eileen Olejarski • One Sotheby's International
Mls Name: Space Coast AOR
Mls ID: #1061866
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.