3590 Bobwhite CtMelbourneFL32904
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 3590 Bobwhite Ct, Melbourne, FL, 32904 priced at $137,900 converts $1,193/mo rent into $278/mo cash flow after a $675/mo obligation. Total monthly income equals $1,193/mo, and annual cash flow totals $3,334/yr on $45,714 invested. Return on cash invested prints 27.2% in year one, and rental yield reads 10.38% against a $137,900 entry. Equity gained on principal adds $890/yr, while 5% annual appreciation compiles into $38,099 by year five. Five-year ROI reaches 142.56% and total cumulative return in cash sums $65,171. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,193/mo property income covering a $675/mo payment, not borrower’s personal income.
Manufactured
Built in 1991
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32904, Melbourne, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,570 (100%) |
| Owner Occupied HU | 11,735 (63.2%) |
| Renter Occupied HU | 5,076 (27.3%) |
| Vacant Housing Units | 1,759 ( 9.5%) |
| Median Home Value | $422,742 |
| Average Home Value | $431,583 |
Housing Distribution
Address Breakdown
Residential
17,661
Single Family
14,251
Multi-Family
3,410
Businesses
1,454
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices