3029 Vallejo WayMelbourneFL32940
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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 3029 Vallejo Way, Melbourne, FL, 32940 offers $2,529/mo rent that, after a $1,625/mo payment, leaves $6/mo cash flow. Total monthly income is $2,529/mo, and annual cash flow is $72/yr on $110,058 cash. Return on cash invested measures 19.97% in year one, and rental yield stands at 9.14% at a $332,000 entry. Equity gained on principal adds $2,142/yr while 5% annual appreciation compounds into $91,725 by year five. Five-year ROI records 105.09% and total cumulative return in cash reaches $115,659. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,529/mo property income versus a $1,625/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 2010
4,791 sqft lot
$N/A/sqft
$926 quarterly 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: Lynda Austin • Florida East Coast Real Estate
Mls Name: Space Coast AOR
Mls ID: #1050635
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.