3035 Highway A1a #3BMelbourne 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 3035 Highway A1a #3B, Melbourne Beach, FL, 32951 earns from $5,928/mo rent with a $4,037/mo payment. Total monthly income totals $5,928/mo. ROI tracks 16.6% on current figures, and rental yield reads 8.62% at a $824,900 purchase. Equity gained on principal adds $5,323/yr, and 5% annual appreciation supports $227,905 over five years. Five-year ROI reaches 87.64% and total cumulative return in cash sums $237,841. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,928/mo property income instead of your personal income.
Condo
Built in 1981
2,613 sqft lot
$N/A/sqft
$1,237 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Gibbs Baum • One Sotheby's International
Mls Name: Space Coast AOR
Mls ID: #1027227
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.