215 Pelican DrMelbourne 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 215 Pelican Dr, Melbourne Beach, FL, 32951 at $499,999 posts ROI 21.98% with $286/mo cash flow from $3,604/mo rent. Total monthly income equals $3,604/mo, and annual cash flow records $3,434/yr on $165,750 to close. Return on cash invested measures 21.98% and rental yield reads 8.65% at the current $499,999. Equity gained on principal adds $3,226/yr, and 5% annual appreciation supports $138,141 by year five. Five-year ROI prints 114.56% and total cumulative return in cash totals $189,883.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,604/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1975
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: Eric S Van Dam • Melbourne Beach Properties,Inc
Mls Name: Space Coast AOR
Mls ID: #1051469