202 River Walk 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
Investment property for sale in Melbourne Beach at 202 River Walk Dr, Melbourne Beach, FL, 32951 earns $24/mo cash flow from $4,901/mo rent with a $3,597/mo payment. Total monthly income totals $4,901/mo, and annual cash flow totals $286/yr on $241,815 capital. ROI tracks 20.18% on current figures, and rental yield reads 8% at a $735,000 purchase. Equity gained on principal adds $4,743/yr, and 5% annual appreciation supports $203,067 over five years. Five-year ROI reaches 104.84% and total cumulative return in cash sums $253,524. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,901/mo property income instead of your personal income.
Single Family
Built in 1979
0.34 Acres 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
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Listed by: Elliott C. Grozan • Denovo Realty
Mls Name: Space Coast AOR
Mls ID: #1064682