410 2nd AveMelbourne 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
Rental property for sale in Melbourne Beach at 410 2nd Ave, Melbourne Beach, FL, 32951 priced at $649,000 converts $6,072/mo rent into $1,765/mo cash flow after a $3,177/mo obligation. Total monthly income equals $6,072/mo, and annual cash flow totals $21,176/yr on $213,521 invested. Return on cash invested prints 29.98% in year one, and rental yield reads 11.23% against a $649,000 entry. Equity gained on principal adds $4,188/yr, while 5% annual appreciation compiles into $179,307 by year five. Five-year ROI reaches 157.4% and total cumulative return in cash sums $336,072. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,072/mo property income covering a $3,177/mo payment, not borrower’s personal income.
Single Family
Built in 1964
0.41 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Alexander Manns • BHHS Florida Realty
Mls Name: Space Coast AOR
Mls ID: #1018441
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.