2435 Ricky RdMelbourneFL32935
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2435 Ricky Rd, Melbourne, FL, 32935 generates $2,090/mo in rent and, after a $1,433/mo payment, leaves $107/mo in cash flow. Total monthly income is $2,090/mo, and annual cash flow is $1,284/yr on $97,030 invested. Return on cash invested sits at 21.23% in year one, and rental yield is 8.57% on a $292,700 entry. Equity gained on principal adds $1,889/yr, while 5% annual appreciation builds toward $80,868 over five years. Five-year ROI reaches 110.69% and total cumulative return in cash sums $107,400. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,090/mo property income rather than buyer’s personal income.
Single Family
Built in 1969
6,969 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices