3023 Casare 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
Investment property for sale in Melbourne at 3023 Casare Dr, Melbourne, FL, 32940 earns $699/mo cash flow from $7,146/mo rent with a $4,755/mo payment. Total monthly income totals $7,146/mo, and annual cash flow totals $8,388/yr on $319,624 capital. ROI tracks 22.68% on current figures, and rental yield reads 8.83% at a $971,500 purchase. Equity gained on principal adds $6,269/yr, and 5% annual appreciation supports $268,408 over five years. Five-year ROI reaches 118.27% and total cumulative return in cash sums $378,032. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $7,146/mo property income instead of your personal income.
Single Family
Built in 2021
9,583 sqft lot
$N/A/sqft
No 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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