5565 Cord Grass 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
Rental property for sale in Melbourne Beach at 5565 Cord Grass Ln, Melbourne Beach, FL, 32951 priced at $499,000 pairs $3,322/mo rent with after a $2,442/mo payment. Total monthly income equals $3,322/mo. Return on cash invested is 17.82% in year one, and rental yield stands at 7.99% on a $499,000 basis. Equity gained on principal adds $3,220/yr, and 5% annual appreciation accumulates to $137,865 by year five. Five-year ROI measures 93% and total cumulative return in cash reaches $153,834. For financing, Ziffy Mortgage’s DSCR program evaluates $3,322/mo property income against a $2,442/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1999
3,049 sqft lot
$N/A/sqft
$275 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: Brenton Conaway • Real Broker LLC
Mls Name: Space Coast AOR
Mls ID: #1031697
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.