345 Strand DrMelbourne 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
Total monthly income runs $3,637/mo, and a $5,262/mo payment. Purchase price stands at $1,075,000, and rental yield measures 4.06% with $3,637/mo rent. Return on cash invested shows 8.32% in year one, and 5% annual appreciation builds toward $297,003 over five years. Five-year ROI reaches 41.2% and total cumulative return in cash records $143,502. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,637/mo property income covering a $5,262/mo payment rather than investor’s personal income.
Single Family
Built in 2022
6,534 sqft 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: David Cable • RE/MAX Elite
Mls Name: Space Coast AOR
Mls ID: #1067481