2760 Michigan StMelbourneFL32904
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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 2760 Michigan St, Melbourne, FL, 32904 generates $2,968/mo in rent and, after a $2,105/mo payment, leaves $114/mo in cash flow. Total monthly income is $2,968/mo, and annual cash flow is $1,369/yr on $142,545 invested. Return on cash invested sits at 20.87% in year one, and rental yield is 8.28% on a $430,000 entry. Equity gained on principal adds $2,775/yr, while 5% annual appreciation builds toward $118,801 over five years. Five-year ROI reaches 108.61% and total cumulative return in cash sums $154,815. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,968/mo property income rather than buyer’s personal income.
Single Family
Built in 1965
0.85 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32904, Melbourne, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,570 (100%) |
| Owner Occupied HU | 11,735 (63.2%) |
| Renter Occupied HU | 5,076 (27.3%) |
| Vacant Housing Units | 1,759 ( 9.5%) |
| Median Home Value | $422,742 |
| Average Home Value | $431,583 |
Housing Distribution
Address Breakdown
Residential
17,661
Single Family
14,251
Multi-Family
3,410
Businesses
1,454
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Listed by: Samantha Ann Weston • Coldwell Banker Realty
Mls Name: Space Coast AOR
Mls ID: #1044360
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.