2848 Casterton DrMelbourneFL32940
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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 2848 Casterton Dr, Melbourne, FL, 32940 at $725,000 posts ROI 27.14% with $1,408/mo cash flow from $6,352/mo rent. Total monthly income equals $6,352/mo, and annual cash flow records $16,896/yr on $238,525 to close. Return on cash invested measures 27.14% and rental yield reads 10.51% at the current $725,000. Equity gained on principal adds $4,678/yr, and 5% annual appreciation supports $200,304 by year five. Five-year ROI prints 142.43% and total cumulative return in cash totals $339,725.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $6,352/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2018
6,534 sqft lot
$N/A/sqft
$573 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32940, Melbourne, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,025 (100%) |
| Owner Occupied HU | 18,755 (74.9%) |
| Renter Occupied HU | 4,298 (17.2%) |
| Vacant Housing Units | 1,972 ( 7.9%) |
| Median Home Value | $509,701 |
| Average Home Value | $561,457 |
Housing Distribution
Address Breakdown
Residential
23,879
Single Family
20,450
Multi-Family
3,429
Businesses
1,249
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Listed by: Shane Burgman • Compass Florida, LLC
Mls Name: Space Coast AOR
Mls ID: #1009613
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.