2002 Elkins Point DrMelbourneFL32935
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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 2002 Elkins Point Dr, Melbourne, FL, 32935 uses $131,108 cash to close to unlock $5,222/yr annual cash flow and $435/mo monthly cash flow. Total monthly income runs $3,060/mo, and a $1,936/mo payment keeps the spread at $435/mo. Purchase price stands at $395,500, and rental yield measures 9.28% with $3,060/mo rent. Return on cash invested shows 23.89% in year one, and 5% annual appreciation builds toward $109,269 over five years. Five-year ROI reaches 124.81% and total cumulative return in cash records $163,639. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,060/mo property income covering a $1,936/mo payment rather than investor’s personal income.
Single Family
Built in 2015
5,662 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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