1574 Boca Rio 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 1574 Boca Rio Dr, Melbourne, FL, 32940 priced at $467,000 converts $4,764/mo rent into $1,362/mo cash flow after a $2,286/mo obligation. Total monthly income equals $4,764/mo, and annual cash flow totals $16,340/yr on $154,811 invested. Return on cash invested prints 30.46% in year one, and rental yield reads 12.24% against a $467,000 entry. Equity gained on principal adds $3,013/yr, while 5% annual appreciation compiles into $129,023 by year five. Five-year ROI reaches 160.88% and total cumulative return in cash sums $249,063. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,764/mo property income covering a $2,286/mo payment, not borrower’s personal income.
Single Family
Built in 2004
6,969 sqft lot
$N/A/sqft
$303 monthly 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: Peggy Page • EXP Realty, LLC
Mls Name: Space Coast AOR
Mls ID: #1015101
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.