495 Strand DrMelbourne 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
Rental property for sale in Melbourne Beach at 495 Strand Dr, Melbourne Beach, FL, 32951 offers $4,117/mo rent that, after a $4,503/mo payment. Total monthly income is $4,117/mo. Return on cash invested measures 12.18% in year one, and rental yield stands at 5.37% at a $920,000 entry. Equity gained on principal adds $5,937/yr while 5% annual appreciation compounds into $254,179 by year five. Five-year ROI records 61.94% and total cumulative return in cash reaches $187,467. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,117/mo property income versus a $4,503/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
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
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Listed by: Samantha Romero • Real Broker, LLC
Mls Name: Space Coast AOR
Mls ID: #1060089