300 S Palm AveMelbourne 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 300 S Palm Ave, Melbourne Beach, FL, 32951 listed at $669,000 pairs $5,084/mo rent with a $3,274/mo payment to leave $645/mo cash flow. Total monthly income runs $5,084/mo, and annual cash flow reaches $7,738/yr on $220,101 cash to close. Return on cash invested measures 23.58% in year one, and rental yield registers 9.12% at a $669,000 basis. Equity gained on principal adds $4,317/yr, and annual property appreciation at 5% supports $184,832 by year five. Five-year ROI tracks 123.06% and total cumulative return in cash totals $270,855. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,084/mo property income relative to a $3,274/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1975
0.29 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: Mary Goodwin • Compass Florida, LLC
Mls Name: Space Coast AOR
Mls ID: #1050781