1515 Seneca DriveMelbourneFL32935
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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 1515 Seneca Drive, Melbourne, FL, 32935 offers a 9.16% rental yield on a $185,000 purchase with $1,412/mo rent. Total monthly income registers $1,412/mo, and a $905/mo payment leaves $185/mo available for distribution. Annual cash flow reaches $2,217/yr on $61,328 to close, and return on cash invested stands at 23.52% in year one. Equity gained on principal adds $1,194/yr while 5% annual appreciation supports $51,112 over five years. Portfolio math shows five-year ROI at 122.83% and total cumulative return in cash at $75,327. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,412/mo property income against a $905/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1985
10,019 sqft 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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