3070 Rio Plumosa NMelbourneFL32903
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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 3070 Rio Plumosa N, Melbourne, FL, 32903 priced at $959,000 pairs $5,918/mo rent with after a $4,694/mo payment. Total monthly income equals $5,918/mo. Return on cash invested is 18.36% in year one, and rental yield stands at 7.41% on a $959,000 basis. Equity gained on principal adds $6,188/yr, and 5% annual appreciation accumulates to $264,954 by year five. Five-year ROI measures 95.11% and total cumulative return in cash reaches $300,067. For financing, Ziffy Mortgage’s DSCR program evaluates $5,918/mo property income against a $4,694/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1985
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32903, Indialantic, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,168 (100%) |
| Owner Occupied HU | 4,984 (69.5%) |
| Renter Occupied HU | 1,264 (17.6%) |
| Vacant Housing Units | 920 (12.8%) |
| Median Home Value | $592,903 |
| Average Home Value | $628,684 |
Housing Distribution
Address Breakdown
Residential
6,686
Single Family
5,455
Multi-Family
1,231
Businesses
481
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