475 Strand DriveMelbourne 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 475 Strand Drive, Melbourne Beach, FL, 32951 with 5% annual appreciation on a $949,800 basis while $4,052/mo rent supports operations. 19% in year one. Equity gained on principal adds $6,129/yr, and five-year appreciation sums $262,412 alongside rental yield of 5.12%. Five-year ROI measures 46.73% and total cumulative return in cash totals $146,039. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,052/mo property income versus a $4,649/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2021
6,534 sqft lot
$N/A/sqft
$452 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
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Listed by: Vicky Lee Santana • NextHome Santana Real Estate
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11108169
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2025 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.