290 Paradise Blvd APT 68MelbourneFL32903
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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 290 Paradise Blvd APT 68, Melbourne, FL, 32903 listed at $364,999 pairs $2,769/mo rent with a $1,786/mo payment to leave $347/mo cash flow. Total monthly income runs $2,769/mo, and annual cash flow reaches $4,167/yr on $120,997 cash to close. Return on cash invested measures 23.35% in year one, and rental yield registers 9.1% at a $364,999 basis. Equity gained on principal adds $2,355/yr, and annual property appreciation at 5% supports $100,842 by year five. Five-year ROI tracks 121.91% and total cumulative return in cash totals $147,511. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,769/mo property income relative to a $1,786/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 1986
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32903, Indialantic, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,168 (100%) |
| Owner Occupied HU | 4,984 (69.5%) |
| Renter Occupied HU | 1,264 (17.6%) |
| Vacant Housing Units | 920 (12.8%) |
| Median Home Value | $592,903 |
| Average Home Value | $628,684 |
Housing Distribution
Address Breakdown
Residential
6,686
Single Family
5,455
Multi-Family
1,231
Businesses
481
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