185 Sea Crest DrMelbourne 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 185 Sea Crest Dr, Melbourne Beach, FL, 32951 priced at $624,900 converts $4,213/mo rent into $53/mo cash flow after a $3,059/mo obligation. Total monthly income equals $4,213/mo, and annual cash flow totals $638/yr on $205,592 invested. Return on cash invested prints 20.37% in year one, and rental yield reads 8.09% against a $624,900 entry. Equity gained on principal adds $4,032/yr, while 5% annual appreciation compiles into $172,648 by year five. Five-year ROI reaches 105.92% and total cumulative return in cash sums $217,757. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,213/mo property income covering a $3,059/mo payment, not borrower’s personal income.
Single Family
Built in 1976
0.28 Acres lot
$N/A/sqft
$150 annually 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: Laura L Dowling Roy PA • Premier Properties Real Estate
Mls Name: Space Coast AOR
Mls ID: #1034728
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.