3134 Burdock AveWest MelbourneFL32904
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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 West Melbourne at 3134 Burdock Ave, West Melbourne, FL, 32904 listed at $409,500 pairs $2,826/mo rent with a $2,004/mo payment to leave $37/mo cash flow. Total monthly income runs $2,826/mo, and annual cash flow reaches $450/yr on $135,749 cash to close. Return on cash invested measures 20.24% in year one, and rental yield registers 8.28% at a $409,500 basis. Equity gained on principal adds $2,642/yr, and annual property appreciation at 5% supports $113,137 by year five. Five-year ROI tracks 105.44% and total cumulative return in cash totals $143,134. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,826/mo property income relative to a $2,004/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2010
6,534 sqft lot
$N/A/sqft
$175 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32904, Melbourne, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,570 (100%) |
| Owner Occupied HU | 11,735 (63.2%) |
| Renter Occupied HU | 5,076 (27.3%) |
| Vacant Housing Units | 1,759 ( 9.5%) |
| Median Home Value | $422,742 |
| Average Home Value | $431,583 |
Housing Distribution
Address Breakdown
Residential
17,661
Single Family
14,251
Multi-Family
3,410
Businesses
1,454
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Listed by: Ryan Moreau • Florida East Coast Real Estate
Mls Name: Space Coast AOR
Mls ID: #1004734
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.