For SaleRisky Deal22 days on market
2991 Indiana St
2991 Indiana St, Melbourne, FL 32904, Melbourne, FL 32904
$575,000
Listing Price
2991 Indiana St, Melbourne, FL 32904
Loc: Melbourne, FL
Days Listed
22
Tax Assessed
$478k
Lot Size
0.85 acres
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.
N/A
Meadowlane Primary Elementary School
PK-2
1.5 mi away
5
Central Middle School
7-8
1.8 mi away
6
Melbourne Senior High School
9-12
5 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
ranch stylebrick exteriortwo-car garagelarge drivewaywooded lotspacious front yardarched windowsplit-level designrural settingtraditional suburbansplit rail fencemature landscapingsingle-family home
Haven AI Verdict
Recommendation
Risky
Confidence Score: 2/10
Exercise caution due to potential market volatility.
Cap Rate
5.98%
Total ROI
88.7%
Cash Flow
$-120/mo
DSCR
0.96
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-120/mo net cash flow with a 6.0% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (6.0%)
- • Strong rental demand in Melbourne
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-09-01 | Listed for sale | $575,000 | $221 |
| 2021-11-03 | Sold | $500,000 | $193 |
| 2021-09-21 | Contingent | $499,900 | $193 |
| 2021-09-09 | Price change | $499,900 | $193 |
| 2021-08-20 | Listed for sale | $539,900 | $208 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $6,291.12 | $478,390 |
| 2024 | $6,070.16 | $477,550 |
| 2023 | $6,210.92 | $481,850 |
| 2022 | $5,834.78 | $432,860 |
| 2021 | $2,742.54 | $196,260 |
| 2020 | $2,669.49 | $193,560 |
| 2019 | $2,616.63 | $189,210 |
| 2018 | $2,616.63 | $185,690 |
| 2017 | $2,619.15 | $168,500 |
| 2016 | $2,439.21 | $165,040 |
| 2015 | $2,474.83 | $163,900 |
| 2014 | $2,551.45 | $162,600 |
| 2013 | $0 | $162,950 |
| 2012 | $2,108.01 | $157,530 |
| 2011 | $2,126.27 | $158,440 |
| 2010 | $1,981.2 | $188,190 |
| 2009 | $1,811.61 | $209,070 |
| 2008 | $1,812.1 | $250,000 |
| 2007 | $1,918.97 | $291,000 |
| 2005 | $2,094.04 | $248,580 |
| 2004 | $2,150.36 | $183,400 |
| 2003 | $2,195.03 | $160,400 |
| 2002 | $2,131.24 | $135,580 |
| 2001 | $2,080.44 | $133,730 |
| 2000 | $1,934.66 | $127,220 |
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