For SaleRisky Deal20 days on market
2391 Lorna Dr
2391 Lorna Dr, Melbourne, FL 32935, Melbourne, FL 32935
$255,000
Estimate®:$246,400
Listing Price
2391 Lorna Dr, Melbourne, FL 32935
Loc: Melbourne, FL
Days Listed
20
Tax Assessed
$192k
Estimate®
$246k
Market Rate
Lot Size
7,841 sqft
Rent Estimate
$2,102/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
Croton Elementary School
PK-6
0.5 mi away
4
Lyndon B. Johnson Middle School
7-8
0.8 mi away
4
Eau Gallie 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 stylesingle-storycovered front porchcozycurb appeallandscaped lawnsunset lightingresidentialsuburbaninvitingstucco exteriorgabled roofwelcoming atmosphere
Haven AI Verdict
Recommendation
Risky
Confidence Score: 2/10
Exercise caution due to potential market volatility.
Cap Rate
6.17%
Total ROI
93.0%
Cash Flow
$-11/mo
DSCR
0.99
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-11/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 |
|---|---|---|---|
| 2026-09-20 | Price change | $255,000 | $200 |
| 2026-09-03 | Listed for sale | $265,000 | $208 |
| 2022-01-28 | Sold | $230,000 | $181 |
| 2021-12-24 | Pending sale | $230,000 | $181 |
| 2021-12-24 | Contingent | $230,000 | $181 |
| 2021-12-19 | Listed for sale | $230,000 | $181 |
| 2021-12-14 | Pending sale | $230,000 | $181 |
| 2021-12-14 | Contingent | $230,000 | $181 |
| 2021-12-10 | Listed for sale | $230,000 | $181 |
| 2014-08-06 | Sold | $88,500 | $70 |
| 2014-06-12 | Pending sale | $89,900 | $71 |
| 2014-05-01 | Price change | $89,900 | $71 |
| 2014-04-10 | Price change | $92,500 | $73 |
| 2014-02-22 | Price change | $99,500 | $78 |
| 2014-02-09 | Price change | $104,850 | $82 |
| 2014-01-25 | Price change | $109,900 | $86 |
| 2014-01-21 | Price change | $112,900 | $89 |
| 2014-01-15 | Price change | $116,000 | $91 |
| 2014-01-03 | Listed for sale | $118,500 | $93 |
| 2013-11-14 | Sold | $62,500 | $49 |
| 2013-07-27 | Listed for sale | $68,300 | $54 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $2,772.96 | $191,810 |
| 2024 | $2,750.24 | $193,800 |
| 2023 | $2,796.53 | $194,740 |
| 2022 | $2,797.43 | $185,940 |
| 2021 | $2,519.19 | $141,540 |
| 2020 | $2,334.28 | $132,330 |
| 2019 | $2,209.91 | $120,490 |
| 2018 | $2,209.91 | $119,850 |
| 2017 | $2,124.58 | $100,580 |
| 2016 | $1,939.2 | $81,300 |
| 2015 | $1,796.91 | $73,800 |
| 2014 | $1,193.91 | $51,200 |
| 2013 | $0 | $40,920 |
| 2012 | $867.45 | $39,440 |
| 2011 | $925.05 | $41,990 |
| 2010 | $1,079.4 | $54,070 |
| 2009 | $1,116.39 | $60,390 |
| 2008 | $1,641.69 | $91,400 |
| 2007 | $0 | $113,000 |
| 2005 | $0 | $66,730 |
| 2004 | $0 | $48,800 |
| 2003 | $0 | $50,990 |
| 2002 | $0 | $47,600 |
| 2001 | $0 | $44,500 |
| 2000 | $0 | $42,450 |
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