3340 Galeras DrMelbourneFL32940
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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 3340 Galeras Dr, Melbourne, FL, 32940 at $487,805 posts ROI 32.9% with $1,750/mo cash flow from $4,988/mo rent. Total monthly income equals $4,988/mo, and annual cash flow records $21,005/yr on $161,707 to close. Return on cash invested measures 32.9% and rental yield reads 12.27% at the current $487,805. Equity gained on principal adds $3,148/yr, and 5% annual appreciation supports $134,772 by year five. Five-year ROI prints 173.09% and total cumulative return in cash totals $279,907.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,988/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Townhouse
Built in 2023
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32940, Melbourne, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,025 (100%) |
| Owner Occupied HU | 18,755 (74.9%) |
| Renter Occupied HU | 4,298 (17.2%) |
| Vacant Housing Units | 1,972 ( 7.9%) |
| Median Home Value | $509,701 |
| Average Home Value | $561,457 |
Housing Distribution
Address Breakdown
Residential
23,879
Single Family
20,450
Multi-Family
3,429
Businesses
1,249
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Listed by: C Scott Miller Jr • Viera Builders Realty, Inc.
Mls Name: Space Coast AOR
Mls ID: #1000523
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.