2623 Lowell CirMelbourneFL32935
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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 2623 Lowell Cir, Melbourne, FL, 32935 priced at $584,999 pairs $5,147/mo rent with $1,265/mo cash flow after a $2,863/mo payment. Total monthly income equals $5,147/mo, and annual cash flow comes to $15,182/yr on $192,465 invested. Return on cash invested is 27.95% in year one, and rental yield stands at 10.56% on a $584,999 basis. Equity gained on principal adds $3,775/yr, and 5% annual appreciation accumulates to $161,624 by year five. Five-year ROI measures 146.53% and total cumulative return in cash reaches $282,018. For financing, Ziffy Mortgage’s DSCR program evaluates $5,147/mo property income against a $2,863/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1993
7,840 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: Cartama Ramos Crafton • Dale Sorensen Real Estate Inc.
Mls Name: Space Coast AOR
Mls ID: #1023694
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.