2027 Wallace AveMelbourneFL32935
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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 2027 Wallace Ave, Melbourne, FL, 32935 listed at $347,000 pairs $2,152/mo rent with a $1,698/mo payment. Total monthly income runs $2,152/mo. Return on cash invested measures 18.34% in year one, and rental yield registers 7.44% at a $347,000 basis. Equity gained on principal adds $2,239/yr, and annual property appreciation at 5% supports $95,870 by year five. Five-year ROI tracks 95.01% and total cumulative return in cash totals $109,292. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,152/mo property income relative to a $1,698/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1962
8,712 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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Listed by: Todd Tracy • Keller Williams Realty Brevard
Mls Name: Space Coast AOR
Mls ID: #1053048
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.