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$409,900

For Sale - Active
200 Circle Ave, Melbourne, FL 32935
3 Beds
3 Baths
1,945 Square Feet
0.11 Acres Lot
Built in 2021
For Sale - Active
1 Units
Checked: 20 hours ago
Updated: Apr 23, 2025 at 05:57PM

Investment Summary


Monthly Cash Flow
-$469
Cap Rate
4.8%
Cash-on-Cash Return
-6.0%
Debt Coverage Ratio
0.78
Internal Rate of Return (5 years)
-1.8%

Property Description


0.11 Acres Lot
Built in 2021
For Sale - Active
1 Units

This stunning townhome offers modern elegance w/ LVP floors throughout, including the staircase, creating a seamless flow. The open-concept kitchen, dining & living room are beautifully designed, featuring sleek finishes, accent walls & a cozy electric fireplace. The home is meticulously decorated & comes fully furnished, making it move-in ready. Step outside to a private oasis with a pergola, fire pit, and hot tub, surrounded by Areca and fox tail palms. The fully fenced yard, w/ a white vinyl picket & 6' privacy fence, provides the perfect setting for relaxation & outdoor entertaining. This townhome blends style, comfort & tranquility in a truly exceptional way. Perfectly situated in the heart of Melbourne, offering the ideal blend of tranquility & convenience. Just 10 min. from Downtown Melbourne, the Eau Gallie Arts District, I95 & the beautiful local beaches, you'll have the best of city life & coastal living at your fingertips. Plus, there are no rental restrictions!

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Location


Property Details


Parking

  • Description: Garage
  • Details: Attached
  • Garage Spaces: 1
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 3
  • # of Stories: 2
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Stucco
  • Foundation: Block
  • Roof Type: Gable or Hip
  • Roof Material: Shingle

HOA

  • Has HOA: Yes
  • Association: Jordyn
  • HOA Fee: $200/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Townhouse

Lot Information

  • Parcel ID: 2737272900000.00007.00
  • Lot Size: 4792 sqft

Property Information

  • Property Type: Townhouse
  • Year Built: 2021

Tax Information

  • Annual Tax: $3,695

Utilities

  • Water & Sewer: Public
  • Heating: Central
  • Cooling: Central Air

Location

  • County: Brevard

Listing Details


Listed by:
Lisa Lantrip, PA
RE/MAX SOLUTIONS
(321) 802-0220

Source:
Stellar MLS
MLS#: O6291751
Stellar MLS

Investment Summary


Monthly Cash Flow
-$469
Cap Rate
4.8%
Cash-on-Cash Return
-6.0%
Debt Coverage Ratio
0.78
Internal Rate of Return (5 years)
-1.8%

Purchase Details

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Purchase price:
$409,900
Amount financed:
-$327,920
Down payment:
$81,980
Closing costs:
$12,297
Rehab costs:
$0
Initial cash invested:
$94,277
Square feet:
1,945
Cost per square foot:
$211
Monthly rent per square foot:
$1.59

Financing Details

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Loan amount:
$327,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,100
Property tax:
$308
Insurance:
$217
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,625

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,100 $37,200
Vacancy loss: (6%)
6% -$186 -$2,232
Operating income:
$2,914 $34,968

Operating Expenses


% Rent Monthly Yearly
Property taxes: (10%)
10%-$308-$3,695
Insurance: (7%)
7%-$217-$2,604
Property management: (8%)
8%-$248-$2,976
Repairs & maintenance: (5%)
5%-$155-$1,860
Capital expenditures: (5%)
5%-$155-$1,860
HOA fees: (6%)
6%-$200-$2,400
Total operating expenses: (41%)
41%-$1,283-$15,395

Cash Flow


Monthly Yearly
Net operating income:
$1,631 $19,572
Mortgage payments:
-$2,100 -$25,200
Cash flow:
$469 $5,628