837 Aquarina BlvdMelbourne 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
Rental property for sale in Melbourne Beach at 837 Aquarina Blvd, Melbourne Beach, FL, 32951 offers $3,840/mo rent that, after a $4,009/mo payment. Total monthly income is $3,840/mo. Return on cash invested measures 12.96% in year one, and rental yield stands at 5.63% at a $819,000 entry. Equity gained on principal adds $5,285/yr while 5% annual appreciation compounds into $226,275 by year five. Five-year ROI records 66.11% and total cumulative return in cash reaches $178,125. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,840/mo property income versus a $4,009/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 2006
3,920 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Melanie Schrock • Premier Properties Real Estate
Mls Name: Space Coast AOR
Mls ID: #1061313