1750 Old Glory BlvdMelbourneFL32940
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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 1750 Old Glory Blvd, Melbourne, FL, 32940 offers $3,562/mo rent that, after a $2,565/mo payment, leaves $48/mo cash flow. Total monthly income is $3,562/mo, and annual cash flow is $572/yr on $172,396 cash. Return on cash invested measures 20.39% in year one, and rental yield stands at 8.16% at a $524,000 entry. Equity gained on principal adds $3,381/yr while 5% annual appreciation compounds into $144,772 by year five. Five-year ROI records 106.09% and total cumulative return in cash reaches $182,887. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,562/mo property income versus a $2,565/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1991
0.31 Acres lot
$N/A/sqft
$440 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: Jason M Lande • RE/MAX Aerospace Realty
Mls Name: Space Coast AOR
Mls ID: #1046969
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.