3015 Blazing Star DrMelbourneFL32940
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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 3015 Blazing Star Dr, Melbourne, FL, 32940 generates $3,032/mo in rent, after a $2,692/mo payment. Total monthly income is $3,032/mo. Return on cash invested sits at 15.41% in year one, and rental yield is 6.62% on a $550,000 entry. Equity gained on principal adds $3,549/yr, while 5% annual appreciation builds toward $151,955 over five years. Five-year ROI reaches 79.47% and total cumulative return in cash sums $143,806. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,032/mo property income rather than buyer’s personal income.
Single Family
Built in 2023
6,098 sqft lot
$N/A/sqft
$912 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32940, Melbourne, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,025 (100%) |
| Owner Occupied HU | 18,755 (74.9%) |
| Renter Occupied HU | 4,298 (17.2%) |
| Vacant Housing Units | 1,972 ( 7.9%) |
| Median Home Value | $509,701 |
| Average Home Value | $561,457 |
Housing Distribution
Address Breakdown
Residential
23,879
Single Family
20,450
Multi-Family
3,429
Businesses
1,249
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Listed by: Shane Burgman • Real Broker LLC
Mls Name: Space Coast AOR
Mls ID: #1047262
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.