For SaleRisky Deal1 days on market
2608 Pepper Ave
2608 Pepper Ave, Melbourne, FL 32935, Melbourne, FL 32935
$265,000
Estimate®:$254,600
Listing Price
2608 Pepper Ave, Melbourne, FL 32935
Loc: Melbourne, FL
Days Listed
1
Tax Assessed
$204k
Estimate®
$255k
Market Rate
Lot Size
6,970 sqft
Rent Estimate
$2,044/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.
5
Sabal Elementary School
PK-6
0.6 mi away
4
Lyndon B. Johnson Middle School
7-8
1.5 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
Single Family Residence1962CentralCentral Air1 Carport space6,969 sqft2 Days$202
Haven AI Verdict
Recommendation
Risky
Confidence Score: 2/10
Exercise caution due to potential market volatility.
Cap Rate
5.69%
Total ROI
82.6%
Cash Flow
$-118/mo
DSCR
0.91
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-118/mo net cash flow with a 5.7% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (5.7%)
- • 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 | Listed for sale | $265,000 | $202 |
| 2018-05-24 | Sold | $154,900 | $118 |
| 2018-04-10 | Listed for sale | $154,900 | $118 |
| 2018-03-16 | Sold | $110,000 | $84 |
| 2012-09-14 | Sold | $74,000 | $56 |
| 2012-07-24 | Price change | $76,900 | $59 |
| 2012-07-12 | Price change | $77,900 | $59 |
| 2012-06-22 | Price change | $79,900 | $61 |
| 2012-05-25 | Listed for sale | $84,000 | $64 |
| 2012-04-27 | Sold | $52,700 | $40 |
| 2012-03-15 | Listed for sale | $55,900 | $43 |
| 2011-11-21 | Sold | $126,500 | $96 |
| 2006-12-04 | Sold | $126,500 | $96 |
| 2001-04-25 | Sold | $63,500 | $48 |
| 1998-07-29 | Sold | $55,000 | $42 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $2,927.8 | $200,570 |
| 2024 | $2,769.52 | $194,920 |
| 2023 | $2,848.21 | $197,700 |
| 2022 | $2,671.84 | $191,950 |
| 2021 | $2,699.97 | $144,260 |
| 2020 | $2,522.61 | $133,650 |
| 2019 | $2,548.09 | $130,030 |
| 2018 | $2,548.09 | $61,920 |
| 2017 | $656.51 | $60,650 |
| 2016 | $664.88 | $59,410 |
| 2015 | $688.12 | $59,000 |
| 2014 | $697.34 | $58,540 |
| 2013 | $0 | $57,680 |
| 2012 | $956.53 | $43,490 |
| 2011 | $1,107.45 | $50,270 |
| 2010 | $1,199.17 | $60,070 |
| 2009 | $592.68 | $66,980 |
| 2008 | $1,062.65 | $98,500 |
| 2007 | $1,601.09 | $115,000 |
| 2005 | $1,960.33 | $76,290 |
| 2004 | $647.69 | $55,030 |
| 2003 | $647.83 | $54,430 |
| 2002 | $612.61 | $50,630 |
| 2001 | $986.66 | $44,340 |
| 2000 | $960.45 | $42,230 |
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