1248 Highland AveMelbourneFL32935
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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 Melbourne at 1248 Highland Ave, Melbourne, FL, 32935 priced at $757,997 converts $4,464/mo rent into after a $3,710/mo obligation. Total monthly income equals $4,464/mo. Return on cash invested prints 17.34% in year one, and rental yield reads 7.07% against a $757,997 entry. Equity gained on principal adds $4,891/yr, while 5% annual appreciation compiles into $209,421 by year five. Five-year ROI reaches 89.6% and total cumulative return in cash sums $223,436. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,464/mo property income covering a $3,710/mo payment, not borrower’s personal income.
Single Family
Built in 1928
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32935, Melbourne, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,824 (100%) |
| Owner Occupied HU | 11,605 (58.5%) |
| Renter Occupied HU | 6,821 (34.4%) |
| Vacant Housing Units | 1,398 ( 7.1%) |
| Median Home Value | $330,196 |
| Average Home Value | $431,874 |
Housing Distribution
Address Breakdown
Residential
19,701
Single Family
15,593
Multi-Family
4,108
Businesses
1,611
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Listed by: Cartama Ramos Crafton • Denovo Realty
Mls Name: Space Coast AOR
Mls ID: #1047079
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.