For SaleRisky Deal12 days on market
807 Ballard Dr
807 Ballard Dr, Melbourne, FL 32935, Melbourne, FL 32935
$438,000
Estimate®:$418,500
Listing Price
807 Ballard Dr, Melbourne, FL 32935
Loc: Melbourne, FL
Days Listed
12
Tax Assessed
$288k
Estimate®
$419k
Market Rate
Lot Size
0.28 acres
Rent Estimate
$2,774/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.
4
Harbor City Elementary School
PK-6
1.2 mi away
7
Herbert C. Hoover Middle School
7-8
3.2 mi away
6
Melbourne Senior High School
9-12
2 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 stylesingle-storystucco exteriorattached garagelarge front lawnlandscaped mulch bedsuburbangable roofresidentiallow profileasphalt shingle roofsunnymature trees
Haven AI Verdict
Recommendation
Risky
Confidence Score: 1/10
Exercise caution due to potential market volatility.
Cap Rate
4.61%
Total ROI
59.0%
Cash Flow
$-591/mo
DSCR
0.74
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-591/mo net cash flow with a 4.6% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Prime residential location in Melbourne, FL
- • Long-term capital appreciation corridor
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 |
|---|---|---|---|
| 2026-09-11 | Listed for sale | $438,000 | $253 |
| 2022-10-12 | Sold | $390,000 | $226 |
| 2021-05-06 | Sold | $233,600 | $135 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $5,214.96 | $288,420 |
| 2024 | $4,955.65 | $280,900 |
| 2023 | $5,254.42 | $294,690 |
| 2022 | $1,478.79 | $122,710 |
| 2021 | $3,408.5 | $183,590 |
| 2020 | $828.07 | $81,930 |
| 2019 | $819.42 | $80,090 |
| 2018 | $819.42 | $78,600 |
| 2017 | $808.07 | $76,990 |
| 2016 | $798.44 | $75,410 |
| 2015 | $804.48 | $74,890 |
| 2014 | $813.01 | $74,300 |
| 2013 | $0 | $87,910 |
| 2012 | $727.9 | $90,510 |
| 2011 | $712.19 | $86,330 |
| 2010 | $643.5 | $95,200 |
| 2009 | $593.3 | $106,930 |
| 2008 | $579.28 | $127,800 |
| 2007 | $712.47 | $135,100 |
| 2005 | $688.73 | $82,930 |
| 2004 | $689.87 | $60,520 |
| 2003 | $690.63 | $63,260 |
| 2002 | $653.84 | $58,780 |
| 2001 | $630.91 | $56,870 |
| 2000 | $584.39 | $51,900 |
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