2847 Colbert CirMelbourneFL32901
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2847 Colbert Cir, Melbourne, FL, 32901 uses $44,719 cash to close to unlock $2,221/yr annual cash flow and $185/mo monthly cash flow. Total monthly income runs $1,080/mo, and a $660/mo payment keeps the spread at $185/mo. Purchase price stands at $134,900, and rental yield measures 9.61% with $1,080/mo rent. Return on cash invested shows 24.87% in year one, and 5% annual appreciation builds toward $37,270 over five years. Five-year ROI reaches 130.16% and total cumulative return in cash records $58,205. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,080/mo property income covering a $660/mo payment rather than investor’s personal income.
Single Family
Built in 1957
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32901, Melbourne, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,480 (100%) |
| Owner Occupied HU | 6,367 (44.0%) |
| Renter Occupied HU | 6,469 (44.7%) |
| Vacant Housing Units | 1,644 (11.4%) |
| Median Home Value | $319,748 |
| Average Home Value | $342,688 |
Housing Distribution
Address Breakdown
Residential
13,045
Single Family
9,940
Multi-Family
3,105
Businesses
1,439
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices