337 Hiawatha 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 337 Hiawatha Way, Melbourne Beach, FL, 32951 with 5% annual appreciation on a $1,200,000 basis while $8,695/mo rent supports operations. Total monthly income totals $8,695/mo and a $5,873/mo payment preserves $728/mo for cash returns. Annual cash flow comes to $8,734/yr on $388,800 deployed, and return on cash invested reaches 22.62% in year one. Equity gained on principal adds $7,743/yr, and five-year appreciation sums $331,538 alongside rental yield of 8.7%. Five-year ROI measures 117.86% and total cumulative return in cash totals $458,243.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $8,695/mo property income versus a $5,873/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1992
10,454 sqft lot
$N/A/sqft
$50 annually 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: Laura L Dowling Roy PA • Premier Properties Real Estate
Mls Name: Space Coast AOR
Mls ID: #1012144
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.