2604 Canary Isles DrMelbourneFL32901
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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
Total monthly income runs $2,540/mo, and a $3,157/mo payment. Purchase price stands at $645,000, and rental yield measures 4.73% with $2,540/mo rent. Return on cash invested shows 10.22% in year one, and 5% annual appreciation builds toward $178,202 over five years. Five-year ROI reaches 51.44% and total cumulative return in cash records $109,156. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,540/mo property income covering a $3,157/mo payment rather than investor’s personal income.
Single Family
Built in 2003
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32901, Melbourne, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,480 (100%) |
| Owner Occupied HU | 6,367 (44.0%) |
| Renter Occupied HU | 6,469 (44.7%) |
| Vacant Housing Units | 1,644 (11.4%) |
| Median Home Value | $319,748 |
| Average Home Value | $342,688 |
Housing Distribution
Address Breakdown
Residential
13,045
Single Family
9,940
Multi-Family
3,105
Businesses
1,439
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