804 Oak StMelbourne 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 804 Oak St, Melbourne Beach, FL, 32951 priced at $749,000 converts $3,607/mo rent into after a $3,666/mo obligation. Total monthly income equals $3,607/mo. Return on cash invested prints 13.42% in year one, and rental yield reads 5.78% against a $749,000 entry. Equity gained on principal adds $4,833/yr, while 5% annual appreciation compiles into $206,935 by year five. Five-year ROI reaches 68.61% and total cumulative return in cash sums $169,060. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,607/mo property income covering a $3,666/mo payment, not borrower’s personal income.
Single Family
Built in 1946
6,969 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: Karen Conrad Metcalfe • Equity Central Florida RE. LLC
Mls Name: Space Coast AOR
Mls ID: #1065472