3134 Cobia LnMelbourneFL32903
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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 Melbourne at 3134 Cobia Ln, Melbourne, FL, 32903 at $364,400 posts ROI 27.55% with $769/mo cash flow from $3,377/mo rent. Total monthly income equals $3,377/mo, and annual cash flow records $9,234/yr on $120,799 to close. Return on cash invested measures 27.55% and rental yield reads 11.12% at the current $364,400. Equity gained on principal adds $2,351/yr, and 5% annual appreciation supports $100,677 by year five. Five-year ROI prints 145.11% and total cumulative return in cash totals $175,295.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,377/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in N/A
1,742 sqft 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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