2181 Cheryl CtMelbourneFL32935
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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 2181 Cheryl Ct, Melbourne, FL, 32935 generates $2,888/mo in rent and, after a $1,916/mo payment, leaves $274/mo in cash flow. Total monthly income is $2,888/mo, and annual cash flow is $3,290/yr on $129,782 invested. Return on cash invested sits at 22.44% in year one, and rental yield is 8.85% on a $391,500 entry. Equity gained on principal adds $2,526/yr, while 5% annual appreciation builds toward $108,164 over five years. Five-year ROI reaches 117.1% and total cumulative return in cash sums $151,979. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,888/mo property income rather than buyer’s personal income.
Single Family
Built in 1962
7,405 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: Jeremy T Silber • Dale Sorensen Real Estate Inc.
Mls Name: Space Coast AOR
Mls ID: #1054427
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.