122 Lamplighter Dr.,Melbourne,FL,32934

Investment Highlights

Rental property for sale in Melbourne at 122 Lamplighter Dr, Melbourne, FL, 32934 offers $3,499/mo rent that, after a $827/mo payment, leaves $2,378/mo cash flow. Total monthly income is $3,499/mo, and annual cash flow is $28,532/yr on $56,024 cash. Return on cash invested measures 70.84% in year one, and rental yield stands at 24.84% at a $169,000 entry. Equity gained on principal adds $1,091/yr while 5% annual appreciation compounds into $46,692 by year five. Five-year ROI records 376.53% and total cumulative return in cash reaches $210,943. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,499/mo property income versus a $827/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.