For SaleRisky Deal62 days on market
5637 Tamarac Dr
5637 Tamarac Dr, Melbourne, FL 32940, Melbourne, FL 32940
$382,499
Estimate®:$374,900
Listing Price
5637 Tamarac Dr, Melbourne, FL 32940
Loc: Melbourne, FL
Days Listed
62
Tax Assessed
$317k
Estimate®
$375k
Market Rate
Lot Size
4,356 sqft
Rent Estimate
$2,605/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
Manatee Elementary School
PK-6
0.1 mi away
7
Viera Middle School
7-8
0.7 mi away
7
Viera High School
PK,9-12
0.8 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-stylestucco exteriortwo-car garagepaver drivewaysingle-storysuburbanlandscaped gardenpalm treetraditional architecturehip roofresidentialwell-maintainedspacious
Haven AI Verdict
Recommendation
Risky
Confidence Score: 1/10
Exercise caution due to potential market volatility.
Cap Rate
4.88%
Total ROI
65.0%
Cash Flow
$-429/mo
DSCR
0.78
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-429/mo net cash flow with a 4.9% 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 |
|---|---|---|---|
| 2026-09-08 | Price change | $382,499 | $255 |
| 2026-07-23 | Listed for sale | $384,995 | $256 |
| 2021-04-19 | Sold | $287,500 | $191 |
| 2021-03-07 | Contingent | $285,000 | $190 |
| 2021-03-03 | Price change | $285,000 | $190 |
| 2021-02-17 | Listed for sale | $292,000 | $194 |
| 2013-02-28 | Sold | $173,000 | $115 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $4,535.1 | $316,930 |
| 2024 | $4,572.83 | $331,240 |
| 2023 | $4,455.34 | $314,700 |
| 2022 | $3,954.88 | $285,540 |
| 2021 | $1,851.58 | $141,620 |
| 2020 | $1,795.54 | $139,670 |
| 2019 | $1,736.64 | $136,530 |
| 2018 | $1,736.64 | $133,990 |
| 2017 | $1,735.67 | $131,240 |
| 2016 | $1,742.83 | $128,550 |
| 2015 | $1,763.22 | $127,660 |
| 2014 | $1,806.76 | $126,650 |
| 2013 | $0 | $21,000 |
| 2012 | $273.42 | $15,750 |
| 2011 | $273.67 | $15,750 |
| 2010 | $333.8 | $21,000 |
| 2009 | $548.06 | $36,750 |
| 2008 | $627.71 | $42,000 |
| 2007 | $56 | $3,780 |
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