2696 Golf Lake Cir APT 314MelbourneFL32935
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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
Investment property for sale in Melbourne at 2696 Golf Lake Cir APT 314, Melbourne, FL, 32935 uses $58,841 cash to close to unlock $3,418/yr annual cash flow and $285/mo monthly cash flow. Total monthly income runs $1,936/mo, and a $869/mo payment keeps the spread at $285/mo. Purchase price stands at $177,500, and rental yield measures 13.09% with $1,936/mo rent. Return on cash invested shows 25.72% in year one, and 5% annual appreciation builds toward $49,040 over five years. Five-year ROI reaches 138.09% and total cumulative return in cash records $81,252. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,936/mo property income covering a $869/mo payment rather than investor’s personal income.
Condo
Built in 1981
3,049 sqft lot
$N/A/sqft
$464 monthly 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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