For SaleRisky Deal98 days on market
986 Sarno Rd
986 Sarno Rd, Melbourne, FL 32935, Melbourne, FL 32935
$316,000
Listing Price
986 Sarno Rd, Melbourne, FL 32935
Loc: Melbourne, FL
Days Listed
98
Tax Assessed
$194k
Lot Size
0.33 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.
4
Harbor City Elementary School
PK-6
0.4 mi away
4
Lyndon B. Johnson Middle School
7-8
1.8 mi away
4
Eau Gallie High School
PK,9-12
1.2 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-style houseswimming pooldetached garagevinyl sidingbackyard oasisoutdoor living spacefenced yardpalm treesresidentialsuburbanpatiostorage shed
Haven AI Verdict
Recommendation
Risky
Confidence Score: 2/10
Exercise caution due to potential market volatility.
Cap Rate
6.19%
Total ROI
93.4%
Cash Flow
$-9/mo
DSCR
0.99
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-9/mo net cash flow with a 6.2% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (6.2%)
- • 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 |
|---|---|---|---|
| 2026-09-17 | Price change | $316,000 | $171 |
| 2026-08-26 | Price change | $316,986 | $172 |
| 2026-08-14 | Price change | $337,986 | $183 |
| 2026-08-03 | Price change | $339,986 | $184 |
| 2026-07-21 | Price change | $349,900 | $190 |
| 2026-06-17 | Listed for sale | $359,000 | $195 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $965.89 | $94,580 |
| 2024 | $907.96 | $91,920 |
| 2023 | $955.18 | $89,250 |
| 2022 | $870.64 | $86,660 |
| 2021 | $862.31 | $84,140 |
| 2020 | $847.11 | $82,980 |
| 2019 | $838.82 | $81,120 |
| 2018 | $838.82 | $79,610 |
| 2017 | $827.51 | $77,980 |
| 2016 | $817.99 | $76,380 |
| 2015 | $824.73 | $75,850 |
| 2014 | $823.47 | $75,250 |
| 2013 | $0 | $74,250 |
| 2012 | $735.34 | $72,910 |
| 2011 | $836.39 | $78,760 |
| 2010 | $831.16 | $86,870 |
| 2009 | $744.91 | $104,240 |
| 2008 | $727.15 | $126,900 |
| 2007 | $933.96 | $150,000 |
| 2005 | $769.74 | $96,120 |
| 2004 | $772.63 | $70,500 |
| 2003 | $774.59 | $77,690 |
| 2002 | $734.65 | $73,340 |
| 2001 | $709.9 | $64,740 |
| 2000 | $659.43 | $62,120 |
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