3577 N Sylvan LnMelbourneFL32935
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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 3577 N Sylvan Ln, Melbourne, FL, 32935 priced at $1,299,000 pairs $5,921/mo rent with after a $6,358/mo payment. Total monthly income equals $5,921/mo. Return on cash invested is 12.67% in year one, and rental yield stands at 5.47% on a $1,299,000 basis. Equity gained on principal adds $8,382/yr, and 5% annual appreciation accumulates to $358,890 by year five. Five-year ROI measures 64.54% and total cumulative return in cash reaches $271,645. For financing, Ziffy Mortgage’s DSCR program evaluates $5,921/mo property income against a $6,358/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2024
0.50 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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Listed by: Andy Waterman • Waterman Real Estate, Inc.
Mls Name: Space Coast AOR
Mls ID: #1020511
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.