2749 King Richard RdMelbourneFL32935
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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 2749 King Richard Rd, Melbourne, FL, 32935 offers a 10.2% rental yield on a $256,000 purchase with $2,177/mo rent. Total monthly income registers $2,177/mo, and a $1,253/mo payment leaves $458/mo available for distribution. Annual cash flow reaches $5,492/yr on $84,864 to close, and return on cash invested stands at 26.38% in year one. Equity gained on principal adds $1,652/yr while 5% annual appreciation supports $70,728 over five years. Portfolio math shows five-year ROI at 138.25% and total cumulative return in cash at $117,322. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,177/mo property income against a $1,253/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1965
9,583 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: Patricia J Halpin • Salt Water Realty of Brevard
Mls Name: Space Coast AOR
Mls ID: #1031926
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.