445 Strand DrMelbourne 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 445 Strand Dr, Melbourne Beach, FL, 32951 priced at $1,200,000 pairs $4,190/mo rent with after a $5,873/mo payment. Total monthly income equals $4,190/mo. Return on cash invested is 8.72% in year one, and rental yield stands at 4.19% on a $1,200,000 basis. Equity gained on principal adds $7,743/yr, and 5% annual appreciation accumulates to $331,538 by year five. Five-year ROI measures 43.36% and total cumulative return in cash reaches $168,599. For financing, Ziffy Mortgage’s DSCR program evaluates $4,190/mo property income against a $5,873/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mayco Sampaio • WEBB FLORIDA REALTY LLC
Mls Name: Stellar MLS
Mls ID: #O6289352