118 Lemon StMelroseFL32666
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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
Rental property for sale in Melrose at 118 Lemon St, Melrose, FL, 32666 priced at $100,000 pairs $791/mo rent with $128/mo cash flow after a $489/mo payment. Total monthly income equals $791/mo, and annual cash flow comes to $1,534/yr on $33,150 invested. Return on cash invested is 24.54% in year one, and rental yield stands at 9.49% on a $100,000 basis. Equity gained on principal adds $645/yr, and 5% annual appreciation accumulates to $27,628 by year five. Five-year ROI measures 128.27% and total cumulative return in cash reaches $42,520. For financing, Ziffy Mortgage’s DSCR program evaluates $791/mo property income against a $489/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1994
1.14 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32666, Melrose, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,302 (100%) |
| Owner Occupied HU | 2,299 (69.6%) |
| Renter Occupied HU | 396 (12.0%) |
| Vacant Housing Units | 607 (18.4%) |
| Median Home Value | $319,910 |
| Average Home Value | $352,191 |
Housing Distribution
Address Breakdown
Residential
2,600
Single Family
2,600
Multi-Family
0
Businesses
174
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