1534 Knoll Ridge 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 1534 Knoll Ridge Dr, Melbourne, FL, 32940 priced at $569,000 pairs $4,025/mo rent with $204/mo cash flow after a $2,785/mo payment. Total monthly income equals $4,025/mo, and annual cash flow comes to $2,448/yr on $187,201 invested. Return on cash invested is 21.37% in year one, and rental yield stands at 8.49% on a $569,000 basis. Equity gained on principal adds $3,672/yr, and 5% annual appreciation accumulates to $157,204 by year five. Five-year ROI measures 111.33% and total cumulative return in cash reaches $208,403. For financing, Ziffy Mortgage’s DSCR program evaluates $4,025/mo property income against a $2,785/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2002
0.30 Acres lot
$N/A/sqft
$540 annually 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: Christina L Boothroyd • Weichert REALTORS Hallmark Pro
Mls Name: Space Coast AOR
Mls ID: #1043662
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.