28A Elton St #28AMelbourneFL32935
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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 28A Elton St #28A, Melbourne, FL, 32935 with 5% annual appreciation on a $117,500 basis while $1,871/mo rent supports operations. Total monthly income totals $1,871/mo and a $575/mo payment preserves $941/mo for cash returns. Annual cash flow comes to $11,296/yr on $38,951 deployed, and return on cash invested reaches 48.91% in year one. Equity gained on principal adds $758/yr, and five-year appreciation sums $32,463 alongside rental yield of 19.11%. Five-year ROI measures 260.67% and total cumulative return in cash totals $101,534.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,871/mo property income versus a $575/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1964
1,742 sqft lot
$N/A/sqft
$150 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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Listed by: Marie M Pellerin • HWH Inc.
Mls Name: Space Coast AOR
Mls ID: #1022453
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.