1030 Venetian Dr UNIT 102MelbourneFL32904
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Melbourne at 1030 Venetian Dr UNIT 102, Melbourne, FL, 32904 uses $82,842 cash to close to unlock $16,731/yr annual cash flow and $1,394/mo monthly cash flow. Total monthly income runs $3,386/mo, and a $1,223/mo payment keeps the spread at $1,394/mo. Purchase price stands at $249,900, and rental yield measures 16.26% with $3,386/mo rent. Return on cash invested shows 40.11% in year one, and 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 213.53% and total cumulative return in cash records $176,894. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,386/mo property income covering a $1,223/mo payment rather than investor’s personal income.
Condo
Built in 2005
2,178 sqft lot
$N/A/sqft
$270 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32904, Melbourne, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,570 (100%) |
| Owner Occupied HU | 11,735 (63.2%) |
| Renter Occupied HU | 5,076 (27.3%) |
| Vacant Housing Units | 1,759 ( 9.5%) |
| Median Home Value | $422,742 |
| Average Home Value | $431,583 |
Housing Distribution
Address Breakdown
Residential
17,661
Single Family
14,251
Multi-Family
3,410
Businesses
1,454
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Listed by: Lykim Wengert • RE/MAX Elite
Mls Name: Space Coast AOR
Mls ID: #1021486
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.