OFF_MARKETExcellent Deal9 days on market

1427 Patriot Dr

1427 Patriot Dr, Melbourne, FL 32940, Melbourne, FL 32940
$299,000
Zestimate®:$250,000

Listing Price

Property image 1
1427 Patriot Dr, Melbourne, FL 32940
Loc: Melbourne, FL
Days Listed
9
Tax Assessed
$304k
Zestimate®
$250k
Market Rate
Lot Size
8,712 sqft
Rent Estimate
$3,326/mo
Est. Cash Flow base
Type
single family

More Than Just a Property

We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.

4.9
Safety Score
A+
Schools

Nearby Schools

Educational options and performance ratings in the area.

10

Quest Elementary School

PK-6
2.9 mi away
7

Viera Middle School

7-8
1.7 mi away
7

Viera High School

PK,9-12
1.9 mi away

Property Overview

A stunning investment opportunity in a prime location. This property features modern amenities, spacious living areas, and strong rental potential.

Features & Amenities

Open Floor PlanHardwood FloorsModern KitchenStainless Steel AppliancesCentral Heat/AirLarge BackyardParkingNear Transit

Haven AI Verdict

Recommendation
Pending...
Confidence Score: 0/10
Exercise caution due to potential market volatility.
Cap Rate
8.68%
Total ROI
147.5%
Cash Flow
$611/mo
DSCR
1.39
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Data provided by Haven AI. Disclaimer

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10-Year Price Projection

Price & Tax History

Price History

DateEventPricePrice/sqft
2026-08-25Sold$250,000$124
2026-06-26Pending sale$299,000$148
2026-04-17Contingent$299,000$148
2026-04-03Listed for sale$299,000$148
2003-03-31Sold$160,000$79
1995-02-03Sold$25,000$12

Tax History

YearProperty TaxTax Assessment
2025$4,982.22$304,180
2024$5,074.37$325,060
2023$2,372.04$141,900
2022$2,296.96$137,770
2021$2,439.14$133,760
2020$2,417.43$131,920
2019$2,356.56$128,960
2018$2,356.56$126,560
2017$2,353.02$123,960
2016$2,354.59$121,420
2015$2,371.59$120,580
2014$2,408.05$119,630
2013$0$125,950
2012$1,337.74$115,900
2011$1,323.37$114,990
2010$1,336.38$122,540
2009$1,913.56$176,800
2008$1,914.24$216,000
2007$2,006.72$230,000
2005$2,213.68$213,430
2004$2,266.5$165,630
2003$2,808.02$162,060
2002$2,926.31$146,470
2001$2,009.15$142,350
2000$1,925.22$121,550
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
3
Baths
2
Sq Ft
2,016
Institutional Underwriting Ledger

Investment Numbers & Operating Model

Standardized cash flow underwriting modeled with state tax schedules, regional insurance hazard risk, and disciplined operating reserves.

Data Sources:MLS List Price: $299,000Rent Basis: Observed Comp Model ($3,326/mo)State Tax Benchmark: 0.98% (FL)Hazard Reserve: $150/mo
Haven ScoreExcellent
9/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
8.68%

NOI: $25,951/yr

Cash-on-Cash Yield
10.7%

On $68,770 invested

DSCR Ratio
1.39x

Prime loan qualification

5-Yr Leveraged ROI
+147.5%

Equity + cumulative cash

Financing Scenario Controls
Adjust down payment & rates to model your personalized return

Monthly Cash Flow Breakdown

Monthly Operating Deductions
Property Taxes (0.98% of basis)-$248/mo
Homeowner / Hazard Insurance-$150/mo
Vacancy Reserve (5% of rent)-$166/mo
Repairs & Maintenance (10% of rent)-$333/mo
Property Management (8% of rent)-$266/mo
Total Pure Operating Expenses-$1,163/mo
Net Investor Cash Flow
Gross Scheduled Rent+$3,326/mo
Less: Operating Expenses-$1,163/mo
Net Operating Income (NOI)+$2,163/mo
Less: Debt Service (30yr @ 6.75%)-$1,551/mo
Net Cash Flow
$611/mo
$7,334/year
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