3216 Sea Shore 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 3216 Sea Shore Way, Melbourne Beach, FL, 32951 uses $117,683 cash to close to unlock $8,224/yr annual cash flow and $685/mo monthly cash flow. Total monthly income runs $3,428/mo, and a $1,738/mo payment keeps the spread at $685/mo. Purchase price stands at $355,000, and rental yield measures 11.59% with $3,428/mo rent. Return on cash invested shows 26.9% in year one, and 5% annual appreciation builds toward $98,080 over five years. Five-year ROI reaches 142.36% and total cumulative return in cash records $167,532. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,428/mo property income covering a $1,738/mo payment rather than investor’s personal income.
Townhouse
Built in 1989
2,178 sqft lot
$N/A/sqft
$287 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
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Listed by: Richard Eble • Compass Florida LLC
Mls Name: Space Coast AOR
Mls ID: #1060967
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.