309 W Banyan WayMelbourne 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 309 W Banyan Way, Melbourne Beach, FL, 32951 listed at $795,000 pairs $6,049/mo rent with a $3,891/mo payment to leave $773/mo cash flow. Total monthly income runs $6,049/mo, and annual cash flow reaches $9,280/yr on $261,555 cash to close. Return on cash invested measures 23.61% in year one, and rental yield registers 9.13% at a $795,000 basis. Equity gained on principal adds $5,130/yr, and annual property appreciation at 5% supports $219,644 by year five. Five-year ROI tracks 123.25% and total cumulative return in cash totals $322,354. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,049/mo property income relative to a $3,891/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in N/A
0.28 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: Lynn Tenniswood-Camarotti • EXP Realty LLC
Mls Name: Martin County REALTORS of the Treasure Coast (MCRTC)
Mls Provider:
Mls ID: #M20047339
Disclaimer: All listings featuring the MCRTC logo are provided by Martin County REALTORS of the Treasure Coast, Inc. Multiple Listing Service. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2025 Martin County REALTORS of the Treasure Coast, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.