1607 S Apollo BlvdMelbourneFL32901
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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 1607 S Apollo Blvd, Melbourne, FL, 32901 priced at $199,000 converts $1,730/mo rent into $290/mo cash flow after a $974/mo obligation. Total monthly income equals $1,730/mo, and annual cash flow totals $3,476/yr on $65,969 invested. Return on cash invested prints 25.18% in year one, and rental yield reads 10.43% against a $199,000 entry. Equity gained on principal adds $1,284/yr, while 5% annual appreciation compiles into $54,980 by year five. Five-year ROI reaches 132.49% and total cumulative return in cash sums $87,402. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,730/mo property income covering a $974/mo payment, not borrower’s personal income.
Single Family
Built in 1956
0.34 Acres 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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Listed by: Misti Schneider • BHHS Florida Realty
Mls Name: Space Coast AOR
Mls ID: #1024620
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.