3297 Fairview DrMelbourneFL32934
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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 3297 Fairview Dr, Melbourne, FL, 32934 priced at $450,000 converts $4,010/mo rent into $1,023/mo cash flow after a $2,203/mo obligation. Total monthly income equals $4,010/mo, and annual cash flow totals $12,279/yr on $149,175 invested. Return on cash invested prints 28.14% in year one, and rental yield reads 10.69% against a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation compiles into $124,327 by year five. Five-year ROI reaches 147.59% and total cumulative return in cash sums $220,170. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,010/mo property income covering a $2,203/mo payment, not borrower’s personal income.
Single Family
Built in 1983
0.65 Acres lot
$N/A/sqft
No HOA
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Listed by: Christina L Boothroyd • Weichert REALTORS Hallmark Pro
Mls Name: Space Coast AOR
Mls ID: #1046283
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