1824 Sabal Palm DrMelbourneFL32934
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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 1824 Sabal Palm Dr, Melbourne, FL, 32934 priced at $695,000 pairs $4,766/mo rent with $104/mo cash flow after a $3,402/mo payment. Total monthly income equals $4,766/mo, and annual cash flow comes to $1,242/yr on $228,655 invested. Return on cash invested is 20.6% in year one, and rental yield stands at 8.23% on a $695,000 basis. Equity gained on principal adds $4,485/yr, and 5% annual appreciation accumulates to $192,016 by year five. Five-year ROI measures 107.22% and total cumulative return in cash reaches $245,166. For financing, Ziffy Mortgage’s DSCR program evaluates $4,766/mo property income against a $3,402/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1993
0.39 Acres lot
$N/A/sqft
$600 annually HOA
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Listed by: Judson Ford • Arium Real Estate, LLC
Mls Name: Space Coast AOR
Mls ID: #1044386
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.