360 Spoonbill LnMelbourne 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 360 Spoonbill Ln, Melbourne Beach, FL, 32951 at $765,710 posts ROI 20.75% with $144/mo cash flow from $5,476/mo rent. Total monthly income equals $5,476/mo, and annual cash flow records $1,729/yr on $251,919 to close. Return on cash invested measures 20.75% and rental yield reads 8.58% at the current $765,710. Equity gained on principal adds $4,941/yr, and 5% annual appreciation supports $211,552 by year five. Five-year ROI prints 108.34% and total cumulative return in cash totals $272,922.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $5,476/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1986
0.26 Acres lot
$N/A/sqft
$4 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: N/A • N/A
Mls Name: undefined
Mls ID: #N/A