2340 Turtle Mound Rd, Melbourne, FL, 32934 | 6.32% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Melbourne at 2340 Turtle Mound Rd, Melbourne, FL, 32934 priced at $750,000 converts $3,949/mo rent into after a $3,671/mo obligation. Total monthly income equals $3,949/mo. Return on cash invested prints 15.06% in year one, and rental yield reads 6.32% against a $750,000 entry. Equity gained on principal adds $4,840/yr, while 5% annual appreciation compiles into $207,211 by year five. Five-year ROI reaches 77.39% and total cumulative return in cash sums $190,962. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,949/mo property income covering a $3,671/mo payment, not borrower’s personal income.

Single Family

Built in 1966

2.80 Acres lot

$N/A/sqft

No HOA