1753 Cadillac Circle NMelbourneFL32935
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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 1753 Cadillac Circle N, Melbourne, FL, 32935 generates $2,225/mo in rent and, after a $1,370/mo payment, leaves $367/mo in cash flow. Total monthly income is $2,225/mo, and annual cash flow is $4,408/yr on $92,820 invested. Return on cash invested sits at 24.66% in year one, and rental yield is 9.54% on a $280,000 entry. Equity gained on principal adds $1,807/yr, while 5% annual appreciation builds toward $77,359 over five years. Five-year ROI reaches 128.92% and total cumulative return in cash sums $119,661. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,225/mo property income rather than buyer’s personal income.
Single Family
Built in 1966
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32935, Melbourne, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,824 (100%) |
| Owner Occupied HU | 11,605 (58.5%) |
| Renter Occupied HU | 6,821 (34.4%) |
| Vacant Housing Units | 1,398 ( 7.1%) |
| Median Home Value | $330,196 |
| Average Home Value | $431,874 |
Housing Distribution
Address Breakdown
Residential
19,701
Single Family
15,593
Multi-Family
4,108
Businesses
1,611
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