205 Strand Dr #401Melbourne 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
Total monthly income runs $7,272/mo, and a $7,954/mo payment. Purchase price stands at $1,625,000, and rental yield measures 5.37% with $7,272/mo rent. Return on cash invested shows 10.19% in year one, and 5% annual appreciation builds toward $448,958 over five years. Five-year ROI reaches 52.02% and total cumulative return in cash records $273,868. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $7,272/mo property income covering a $7,954/mo payment rather than investor’s personal income.
Condo
Built in 2022
1,306 sqft lot
$N/A/sqft
$954 monthly 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: Angela Lawless • RE/MAX Elite
Mls Name: Space Coast AOR
Mls ID: #1032954
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.