1885 Fox Bay 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
Investment property for sale in Melbourne at 1885 Fox Bay Dr, Melbourne, FL, 32934 offers a 15.86% rental yield on a $349,800 purchase with $4,624/mo rent. Total monthly income registers $4,624/mo, and a $1,712/mo payment leaves $2,164/mo available for distribution. Annual cash flow reaches $25,967/yr on $115,959 to close, and return on cash invested stands at 42.3% in year one. Equity gained on principal adds $2,257/yr while 5% annual appreciation supports $96,643 over five years. Portfolio math shows five-year ROI at 224.02% and total cumulative return in cash at $259,775. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,624/mo property income against a $1,712/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1994
6,534 sqft lot
$N/A/sqft
$400 annually HOA
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Listed by: Chris J DeMarco • Demarco Properties
Mls Name: Space Coast AOR
Mls ID: #1016879
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