3059 Sweet Oak DrMelbourneFL32935
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 3059 Sweet Oak Dr, Melbourne, FL, 32935 listed at $391,000 pairs $3,010/mo rent with a $1,914/mo payment to leave $400/mo cash flow. Total monthly income runs $3,010/mo, and annual cash flow reaches $4,802/yr on $129,617 cash to close. Return on cash invested measures 23.61% in year one, and rental yield registers 9.24% at a $391,000 basis. Equity gained on principal adds $2,523/yr, and annual property appreciation at 5% supports $108,026 by year five. Five-year ROI tracks 123.36% and total cumulative return in cash totals $159,898. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,010/mo property income relative to a $1,914/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1988
8,276 sqft lot
$N/A/sqft
$178 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32935, Melbourne, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,824 (100%) |
| Owner Occupied HU | 11,605 (58.5%) |
| Renter Occupied HU | 6,821 (34.4%) |
| Vacant Housing Units | 1,398 ( 7.1%) |
| Median Home Value | $330,196 |
| Average Home Value | $431,874 |
Housing Distribution
Address Breakdown
Residential
19,701
Single Family
15,593
Multi-Family
4,108
Businesses
1,611
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kristina A Foreman • Denovo Realty
Mls Name: Space Coast AOR
Mls ID: #1044991
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.