1310 Jernigan AveMelbourneFL32901
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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 1310 Jernigan Ave, Melbourne, FL, 32901 listed at $268,000 pairs $1,789/mo rent with a $1,312/mo payment to leave $10/mo cash flow. Total monthly income runs $1,789/mo, and annual cash flow reaches $123/yr on $88,842 cash to close. Return on cash invested measures 20.05% in year one, and rental yield registers 8.01% at a $268,000 basis. Equity gained on principal adds $1,729/yr, and annual property appreciation at 5% supports $74,043 by year five. Five-year ROI tracks 104.2% and total cumulative return in cash totals $92,577. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,789/mo property income relative to a $1,312/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1950
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32901, Melbourne, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,480 (100%) |
| Owner Occupied HU | 6,367 (44.0%) |
| Renter Occupied HU | 6,469 (44.7%) |
| Vacant Housing Units | 1,644 (11.4%) |
| Median Home Value | $319,748 |
| Average Home Value | $342,688 |
Housing Distribution
Address Breakdown
Residential
13,045
Single Family
9,940
Multi-Family
3,105
Businesses
1,439
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