460 Spoonbill LnMelbourne 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 460 Spoonbill Ln, Melbourne Beach, FL, 32951 offers a 5.42% rental yield on a $1,154,500 purchase with $5,213/mo rent. 51% in year one. Equity gained on principal adds $7,450/yr while 5% annual appreciation supports $318,967 over five years. Portfolio math shows five-year ROI at 63.69% and total cumulative return in cash at $238,254. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,213/mo property income against a $5,651/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1969
0.41 Acres lot
$N/A/sqft
$50 voluntary 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: Michael D Grayson • Endless Summer Real Estate
Mls Name: Space Coast AOR
Mls ID: #1049203
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.