132/130 Richards RdMelbourne BeachFL32951
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 Melbourne Beach at 132/130 Richards Rd, Melbourne Beach, FL, 32951 offers a 10.91% rental yield on a $605,000 purchase with $5,498/mo rent. Total monthly income registers $5,498/mo, and a $2,961/mo payment leaves $1,483/mo available for distribution. Annual cash flow reaches $17,799/yr on $199,045 to close, and return on cash invested stands at 29% in year one. Equity gained on principal adds $3,904/yr while 5% annual appreciation supports $167,150 over five years. Portfolio math shows five-year ROI at 152.18% and total cumulative return in cash at $302,902. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,498/mo property income against a $2,961/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1976
9,583 sqft lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Magdalena Dillaha • REAL PROPERTY INTERNATIONAL
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #O6225298
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. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511