For SaleRisky Deal0 days on market
1511 HEDRICK Drive
1511 HEDRICK Drive, Melbourne, FL 32901, Melbourne, FL 32901
$325,000
Listing Price
1511 HEDRICK Drive, Melbourne, FL 32901
Loc: Melbourne, FL
Days Listed
0
Tax Assessed
$264k
Lot Size
8,276 sqft
Rent Estimate
$2,095/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.
3
University Park Elementary School
PK-6
1.5 mi away
3
Stone Magnet Middle School
7-8
2.5 mi away
6
Melbourne Senior High School
9-12
1.1 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 exteriorbrick masonry detaillarge front yardflagpolemid-century modern inspirationpastel color paletteresidentialsuburbandaytime sunset lightingpalm tree
Haven AI Verdict
Recommendation
Risky
Confidence Score: 1/10
Exercise caution due to potential market volatility.
Cap Rate
4.54%
Total ROI
57.6%
Cash Flow
$-456/mo
DSCR
0.73
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-456/mo net cash flow with a 4.5% 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 |
|---|---|---|---|
| 2026-09-24 | Listed for sale | $325,000 | $236 |
| 2014-03-25 | Sold | $146,000 | $106 |
| 2014-02-16 | Listed for sale | $150,000 | $109 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $4,629.85 | $268,990 |
| 2024 | $4,248.36 | $265,240 |
| 2023 | $3,945.69 | $245,690 |
| 2022 | $3,404.99 | $207,010 |
| 2021 | $3,149.42 | $169,210 |
| 2020 | $2,950.19 | $157,250 |
| 2019 | $3,056.22 | $157,030 |
| 2018 | $3,056.22 | $146,370 |
| 2017 | $2,868.28 | $130,700 |
| 2016 | $2,672.21 | $121,410 |
| 2015 | $2,589.46 | $107,340 |
| 2014 | $1,393.49 | $60,550 |
| 2013 | $0 | $55,450 |
| 2012 | $570.83 | $52,590 |
| 2011 | $635.7 | $60,520 |
| 2010 | $572.4 | $76,820 |
| 2009 | $523.8 | $95,410 |
| 2008 | $510.1 | $127,200 |
| 2007 | $556.64 | $107,100 |
| 2005 | $532.68 | $98,700 |
| 2004 | $530.27 | $59,200 |
| 2003 | $528.69 | $62,840 |
| 2002 | $497.66 | $56,930 |
| 2001 | $478.29 | $51,950 |
| 2000 | $439.58 | $49,460 |
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