2980 Lett LnMalabarFL32950
Nearby investment properties with comparable rents
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 Malabar at 2980 Lett Ln, Malabar, FL, 32950 uses $189,175 cash to close to unlock $10,134/yr annual cash flow and $845/mo monthly cash flow. Total monthly income runs $4,660/mo, and a $2,814/mo payment keeps the spread at $845/mo. Purchase price stands at $575,000, and rental yield measures 9.73% with $4,660/mo rent. Return on cash invested shows 25.42% in year one, and 5% annual appreciation builds toward $158,862 over five years. Five-year ROI reaches 132.94% and total cumulative return in cash records $251,495. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,660/mo property income covering a $2,814/mo payment rather than investor’s personal income.
Single Family
Built in 1991
1.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32950, Malabar, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,069 (100%) |
| Owner Occupied HU | 1,630 (78.8%) |
| Renter Occupied HU | 302 (14.6%) |
| Vacant Housing Units | 137 ( 6.6%) |
| Median Home Value | $484,290 |
| Average Home Value | $562,900 |
Housing Distribution
Address Breakdown
Residential
2,072
Single Family
2,072
Multi-Family
0
Businesses
160
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Teresa Guerrieri • Brevard Realty Pro, LLC
Mls Name: Space Coast AOR
Mls ID: #1023100
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.