For SaleGood Deal0 days on market
1100 Luminary Cir APT 106
1100 Luminary Cir APT 106, Melbourne, FL 32901, Melbourne, FL 32901
$179,000
Estimate®:$238,300$59,300 Under Market
Listing Price
1100 Luminary Cir APT 106, Melbourne, FL 32901
Loc: Melbourne, FL
Days Listed
0
Tax Assessed
$206k
Estimate®
$238k
25% Under Valued
Lot Size
5,227 sqft
Rent Estimate
$1,814/mo
Est. Cash Flow base
Type
townhouse
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.
8
Riviera Elementary School
PK-6
0.8 mi away
2
Palm Bay Magnet Senior High School
PK,8-12
1.2 mi away
3
Stone Magnet Middle School
7-8
2.6 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
stucco exteriorranch styletwo car garagesuburbanconcrete drivewayspacious lawnresidentiallight tan facadesingle storytraditional rooflandscapedmulti-family unitoutdoor lightingsun-drenched
Haven AI Verdict
Recommendation
Good
Confidence Score: 7/10
Strong rental demand expected in this area (98% occupancy rate).
Turnkey property requiring minimal initial CapEx.
Cap Rate
7.23%
Total ROI
116.0%
Cash Flow
$150/mo
DSCR
1.16
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $150/mo net cash flow with a 7.2% cap rate. Underwriting indicates good fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (7.2%)
- • 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 |
|---|---|---|---|
| 2026-09-25 | Listed for sale | $179,000 | $178 |
| 2024-09-12 | Listing removed | $1,795 | $2 |
| 2024-08-23 | Price change | $1,795 | $2 |
| 2024-08-16 | Listed for rent | $1,900 | $2 |
| 2024-08-08 | Listing removed | $0 | – |
| 2024-05-28 | Listed for sale | $295,900 | $294 |
| 2024-05-22 | Listing removed | $0 | – |
| 2024-05-19 | Price change | $1,850 | $2 |
| 2024-05-04 | Listed for rent | $1,990 | $2 |
| 2006-09-21 | Sold | $174,000 | $173 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $3,736.42 | $206,020 |
| 2024 | $3,512.33 | $207,550 |
| 2023 | $3,331.01 | $203,350 |
| 2022 | $2,915.32 | $177,840 |
| 2021 | $2,693.97 | $145,150 |
| 2020 | $2,525.97 | $135,050 |
| 2019 | $2,569.12 | $135,090 |
| 2018 | $2,569.12 | $119,090 |
| 2017 | $2,367.52 | $114,310 |
| 2016 | $2,265.46 | $98,970 |
| 2015 | $2,145.56 | $93,120 |
| 2014 | $2,078.65 | $85,490 |
| 2013 | $0 | $80,580 |
| 2012 | $837.15 | $85,270 |
| 2011 | $788.14 | $76,570 |
| 2010 | $829.56 | $81,970 |
| 2009 | $1,117.59 | $100,060 |
| 2008 | $1,430.9 | $119,200 |
| 2007 | $1,939.1 | $126,900 |
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