294 Berkshire LnMelbourneFL32935
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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 294 Berkshire Ln, Melbourne, FL, 32935 priced at $180,000 converts $1,400/mo rent into after a $881/mo obligation. Total monthly income equals $1,400/mo. Return on cash invested prints 15.09% in year one, and rental yield reads 9.33% against a $180,000 entry. Equity gained on principal adds $1,162/yr, while 5% annual appreciation compiles into $49,731 by year five. Five-year ROI reaches 80.89% and total cumulative return in cash sums $48,269. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,400/mo property income covering a $881/mo payment, not borrower’s personal income.
Condo
Built in 1977
2,613 sqft lot
$N/A/sqft
$385 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: Gali Gleicher • HomeSmart Coastal Realty
Mls Name: Space Coast AOR
Mls ID: #1057228
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.