338 Crown BlvdMelbourneFL32901
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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 338 Crown Blvd, Melbourne, FL, 32901 priced at $259,500 pairs $2,400/mo rent with $678/mo cash flow after a $1,270/mo payment. Total monthly income equals $2,400/mo, and annual cash flow comes to $8,136/yr on $86,024 invested. Return on cash invested is 29.37% in year one, and rental yield stands at 11.1% on a $259,500 basis. Equity gained on principal adds $1,675/yr, and 5% annual appreciation accumulates to $71,695 by year five. Five-year ROI measures 154.2% and total cumulative return in cash reaches $132,653. For financing, Ziffy Mortgage’s DSCR program evaluates $2,400/mo property income against a $1,270/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1961
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32901, Melbourne, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,480 (100%) |
| Owner Occupied HU | 6,367 (44.0%) |
| Renter Occupied HU | 6,469 (44.7%) |
| Vacant Housing Units | 1,644 (11.4%) |
| Median Home Value | $319,748 |
| Average Home Value | $342,688 |
Housing Distribution
Address Breakdown
Residential
13,045
Single Family
9,940
Multi-Family
3,105
Businesses
1,439
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