1316 Ballinton DrMelbourneFL32940
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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 1316 Ballinton Dr, Melbourne, FL, 32940 priced at $499,800 converts $3,551/mo rent into after a $2,446/mo obligation. Total monthly income equals $3,551/mo. Return on cash invested prints 19.04% in year one, and rental yield reads 8.53% against a $499,800 entry. Equity gained on principal adds $3,225/yr, while 5% annual appreciation compiles into $138,086 by year five. Five-year ROI reaches 99.68% and total cumulative return in cash sums $165,161. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,551/mo property income covering a $2,446/mo payment, not borrower’s personal income.
Townhouse
Built in 2005
3,484 sqft lot
$N/A/sqft
$940 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32940, Melbourne, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,025 (100%) |
| Owner Occupied HU | 18,755 (74.9%) |
| Renter Occupied HU | 4,298 (17.2%) |
| Vacant Housing Units | 1,972 ( 7.9%) |
| Median Home Value | $509,701 |
| Average Home Value | $561,457 |
Housing Distribution
Address Breakdown
Residential
23,879
Single Family
20,450
Multi-Family
3,429
Businesses
1,249
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Listed by: Shawna Newberry • LPT Realty, LLC
Mls Name: Space Coast AOR
Mls ID: #1023023
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.