301 Rutgers AveMelbourneFL32901
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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 301 Rutgers Ave, Melbourne, FL, 32901 with 5% annual appreciation on a $140,500 basis while $1,695/mo rent supports operations. Total monthly income totals $1,695/mo and a $688/mo payment preserves $762/mo for cash returns. Annual cash flow comes to $9,148/yr on $46,576 deployed, and return on cash invested reaches 39.55% in year one. Equity gained on principal adds $907/yr, and five-year appreciation sums $38,818 alongside rental yield of 14.48%. Five-year ROI measures 208.82% and total cumulative return in cash totals $97,259.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,695/mo property income versus a $688/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1958
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32901, Melbourne, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,480 (100%) |
| Owner Occupied HU | 6,367 (44.0%) |
| Renter Occupied HU | 6,469 (44.7%) |
| Vacant Housing Units | 1,644 (11.4%) |
| Median Home Value | $319,748 |
| Average Home Value | $342,688 |
Housing Distribution
Address Breakdown
Residential
13,045
Single Family
9,940
Multi-Family
3,105
Businesses
1,439
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Listed by: Judy D Wood • RE/MAX Solutions
Mls Name: Space Coast AOR
Mls ID: #1049644
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.