3075 STATE ROAD 21 UNIT 3MelroseFL32666
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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 Melrose at 3075 STATE ROAD 21 UNIT 3, Melrose, FL, 32666 earns $766/mo cash flow from $1,895/mo rent with a $611/mo payment. Total monthly income totals $1,895/mo, and annual cash flow totals $9,198/yr on $41,404 capital. ROI tracks 42.12% on current figures, and rental yield reads 18.21% at a $124,900 purchase. Equity gained on principal adds $806/yr, and 5% annual appreciation supports $34,508 over five years. Five-year ROI reaches 225.77% and total cumulative return in cash sums $93,478. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,895/mo property income instead of your personal income.
Condo
Built in 1986
N/A lot
$N/A/sqft
$300 monthly 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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Listed by: ETHAN W GREGORY • ALLISON JAMES ESTATES AND HOMES FLORIDA
Mls Name: realMLS
Mls Provider:
Mls ID: #2032783
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. Data is deemed reliable but is not guaranteed accurate by realMLS.