225 Strand Dr #406Melbourne BeachFL32951
Nearby investment properties with comparable rents
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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 225 Strand Dr #406, Melbourne Beach, FL, 32951 offers $4,446/mo rent that, after a $5,869/mo payment. Total monthly income is $4,446/mo. Return on cash invested measures 9.52% in year one, and rental yield stands at 4.45% at a $1,199,000 entry. Equity gained on principal adds $7,737/yr while 5% annual appreciation compounds into $331,262 by year five. Five-year ROI records 47.65% and total cumulative return in cash reaches $185,121. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,446/mo property income versus a $5,869/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2023
1,306 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
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Listed by: Tina Batista • One Sotheby's International
Mls Name: Space Coast AOR
Mls ID: #1052199