3311 N Harbor City BlvdMelbourneFL32935
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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 3311 N Harbor City Blvd, Melbourne, FL, 32935 generates $3,005/mo in rent, after a $7,278/mo payment. Total monthly income is $3,005/mo. Return on cash invested sits at 3.22% in year one, and rental yield is 2.43% on a $1,486,900 entry. Equity gained on principal adds $9,595/yr, while 5% annual appreciation builds toward $410,803 over five years. Five-year ROI reaches 13.89% and total cumulative return in cash sums $66,914. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,005/mo property income rather than buyer’s personal income.
Single Family
Built in 2021
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32935, Melbourne, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,824 (100%) |
| Owner Occupied HU | 11,605 (58.5%) |
| Renter Occupied HU | 6,821 (34.4%) |
| Vacant Housing Units | 1,398 ( 7.1%) |
| Median Home Value | $330,196 |
| Average Home Value | $431,874 |
Housing Distribution
Address Breakdown
Residential
19,701
Single Family
15,593
Multi-Family
4,108
Businesses
1,611
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