170 Paradise Blvd #1709MelbourneFL32903
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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 170 Paradise Blvd #1709, Melbourne, FL, 32903 uses $99,284 cash to close to unlock $12,568/yr annual cash flow and $1,047/mo monthly cash flow. Total monthly income runs $3,535/mo, and a $1,466/mo payment keeps the spread at $1,047/mo. Purchase price stands at $299,500, and rental yield measures 14.16% with $3,535/mo rent. Return on cash invested shows 32.57% in year one, and 5% annual appreciation builds toward $82,746 over five years. Five-year ROI reaches 173.52% and total cumulative return in cash records $172,283. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,535/mo property income covering a $1,466/mo payment rather than investor’s personal income.
Condo
Built in 1974
3,920 sqft lot
$N/A/sqft
$500 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32903, Indialantic, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,168 (100%) |
| Owner Occupied HU | 4,984 (69.5%) |
| Renter Occupied HU | 1,264 (17.6%) |
| Vacant Housing Units | 920 (12.8%) |
| Median Home Value | $592,903 |
| Average Home Value | $628,684 |
Housing Distribution
Address Breakdown
Residential
6,686
Single Family
5,455
Multi-Family
1,231
Businesses
481
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Listed by: Jack Griffin • Blue Marlin Real Estate
Mls Name: Space Coast AOR
Mls ID: #1018216
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.