510 Banyan WayMelbourne 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
Investment property for sale in Melbourne Beach at 510 Banyan Way, Melbourne Beach, FL, 32951 listed at $1,095,000 pairs $4,024/mo rent with a $5,359/mo payment. Total monthly income runs $4,024/mo. Return on cash invested measures 9.4% in year one, and rental yield registers 4.41% at a $1,095,000 basis. Equity gained on principal adds $7,066/yr, and annual property appreciation at 5% supports $302,528 by year five. Five-year ROI tracks 47.01% and total cumulative return in cash totals $166,774. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,024/mo property income relative to a $5,359/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1957
0.31 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: Matthew E Malone • United Realty Group, Inc
Mls Name: BeachesMLS
Mls ID: #RX-11127168