1817 Palm BoulevardMelbourneFL32901
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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 1817 Palm Boulevard, Melbourne, FL, 32901 offers a 9.16% rental yield on a $198,900 purchase with $1,518/mo rent. Total monthly income registers $1,518/mo, and a $974/mo payment leaves $198/mo available for distribution. Annual cash flow reaches $2,371/yr on $65,935 to close, and return on cash invested stands at 23.5% in year one. Equity gained on principal adds $1,283/yr while 5% annual appreciation supports $54,952 over five years. Portfolio math shows five-year ROI at 122.74% and total cumulative return in cash at $80,927. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,518/mo property income against a $974/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1963
10,454 sqft 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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