2382 Canterbury LnMelbourneFL32935
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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 2382 Canterbury Ln, Melbourne, FL, 32935 generates $1,933/mo in rent and, after a $1,273/mo payment, leaves $207/mo in cash flow. Total monthly income is $1,933/mo, and annual cash flow is $2,484/yr on $86,223 invested. Return on cash invested sits at 22.79% in year one, and rental yield is 8.92% on a $260,100 entry. Equity gained on principal adds $1,678/yr, while 5% annual appreciation builds toward $71,861 over five years. Five-year ROI reaches 118.87% and total cumulative return in cash sums $102,493. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,933/mo property income rather than buyer’s personal income.
Single Family
Built in 1961
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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