2971 Saint James 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
Investment property for sale in Melbourne at 2971 Saint James Ln, Melbourne, FL, 32935 uses $116,025 cash to close to unlock $2,429/yr annual cash flow and $202/mo monthly cash flow. Total monthly income runs $2,525/mo, and a $1,713/mo payment keeps the spread at $202/mo. Purchase price stands at $350,000, and rental yield measures 8.66% with $2,525/mo rent. Return on cash invested shows 22% in year one, and 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 114.67% and total cumulative return in cash records $133,046. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,525/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in 1997
5,662 sqft lot
$N/A/sqft
No 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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