303 SE 3RD AvenueMelroseFL32666
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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 Melrose at 303 SE 3RD Avenue, Melrose, FL, 32666 offers $3,096/mo rent that, after a $2,290/mo payment. Total monthly income is $3,096/mo. Return on cash invested measures 19.84% in year one, and rental yield stands at 7.94% at a $467,900 entry. Equity gained on principal adds $3,019/yr while 5% annual appreciation compounds into $129,272 by year five. Five-year ROI records 103.09% and total cumulative return in cash reaches $159,898. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,096/mo property income versus a $2,290/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1997
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32666, Melrose, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,302 (100%) |
| Owner Occupied HU | 2,299 (69.6%) |
| Renter Occupied HU | 396 (12.0%) |
| Vacant Housing Units | 607 (18.4%) |
| Median Home Value | $319,910 |
| Average Home Value | $352,191 |
Housing Distribution
Address Breakdown
Residential
2,600
Single Family
2,600
Multi-Family
0
Businesses
174
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