1985 Adams AveMelbourneFL32935
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1985 Adams Ave, Melbourne, FL, 32935 uses $85,787 cash to close to unlock $7,275/yr annual cash flow and $606/mo monthly cash flow. Total monthly income runs $2,324/mo, and a $1,267/mo payment keeps the spread at $606/mo. Purchase price stands at $258,785, and rental yield measures 10.78% with $2,324/mo rent. Return on cash invested shows 28.39% in year one, and 5% annual appreciation builds toward $71,498 over five years. Five-year ROI reaches 148.95% and total cumulative return in cash records $127,784. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,324/mo property income covering a $1,267/mo payment rather than investor’s personal income.
Single Family
Built in 1957
10,018 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Thomas Taranto • Keller Williams Realty Brevard
Mls Name: Space Coast AOR
Mls ID: #1036502
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.