203 Augusta WayMelbourneFL32940
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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 203 Augusta Way, Melbourne, FL, 32940 priced at $298,000 pairs $3,536/mo rent with $1,114/mo cash flow after a $1,459/mo payment. Total monthly income equals $3,536/mo, and annual cash flow comes to $13,368/yr on $98,787 invested. Return on cash invested is 33.44% in year one, and rental yield stands at 14.24% on a $298,000 basis. Equity gained on principal adds $1,923/yr, and 5% annual appreciation accumulates to $82,332 by year five. Five-year ROI measures 177.94% and total cumulative return in cash reaches $175,784. For financing, Ziffy Mortgage’s DSCR program evaluates $3,536/mo property income against a $1,459/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1980
1,742 sqft lot
$N/A/sqft
$444 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32940, Melbourne, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,025 (100%) |
| Owner Occupied HU | 18,755 (74.9%) |
| Renter Occupied HU | 4,298 (17.2%) |
| Vacant Housing Units | 1,972 ( 7.9%) |
| Median Home Value | $509,701 |
| Average Home Value | $561,457 |
Housing Distribution
Address Breakdown
Residential
23,879
Single Family
20,450
Multi-Family
3,429
Businesses
1,249
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Listed by: Marcela Esquivel • RE/MAX Aerospace Realty
Mls Name: Space Coast AOR
Mls ID: #1006816
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.