3610 Carriage Gate DrMelbourneFL32904
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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 3610 Carriage Gate Dr, Melbourne, FL, 32904 uses $131,572 cash to close to unlock $2,940/yr annual cash flow and $245/mo monthly cash flow. Total monthly income runs $3,090/mo, and a $1,943/mo payment keeps the spread at $245/mo. Purchase price stands at $396,900, and rental yield measures 9.34% with $3,090/mo rent. Return on cash invested shows 22.14% in year one, and 5% annual appreciation builds toward $109,656 over five years. Five-year ROI reaches 116.1% and total cumulative return in cash records $152,751. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,090/mo property income covering a $1,943/mo payment rather than investor’s personal income.
Single Family
Built in 2003
0.66 Acres lot
$N/A/sqft
$50 monthly 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
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