2642 Majestic AveMelbourneFL32934
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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 2642 Majestic Ave, Melbourne, FL, 32934 priced at $372,500 pairs $3,215/mo rent with $723/mo cash flow after a $1,823/mo payment. Total monthly income equals $3,215/mo, and annual cash flow comes to $8,674/yr on $123,484 invested. Return on cash invested is 26.93% in year one, and rental yield stands at 10.36% on a $372,500 basis. Equity gained on principal adds $2,404/yr, and 5% annual appreciation accumulates to $102,915 by year five. Five-year ROI measures 141.17% and total cumulative return in cash reaches $174,322. For financing, Ziffy Mortgage’s DSCR program evaluates $3,215/mo property income against a $1,823/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1988
10,018 sqft lot
$N/A/sqft
$245 annually HOA
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Listed by: Bradley Griffin • Engel&Voelkers Melb Beachside
Mls Name: Space Coast AOR
Mls ID: #1045747
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