3693 Driftwood DrMelbourneFL32935
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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 3693 Driftwood Dr, Melbourne, FL, 32935 earns $453/mo cash flow from $2,167/mo rent with a $1,224/mo payment. Total monthly income totals $2,167/mo, and annual cash flow totals $5,431/yr on $82,875 capital. ROI tracks 26.46% on current figures, and rental yield reads 10.4% at a $250,000 purchase. Equity gained on principal adds $1,613/yr, and 5% annual appreciation supports $69,070 over five years. Five-year ROI reaches 138.89% and total cumulative return in cash sums $115,102. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,167/mo property income instead of your personal income.
Single Family
Built in 1985
3,484 sqft lot
$N/A/sqft
$55 monthly 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: Jason M Lande • RE/MAX Aerospace Realty
Mls Name: Space Coast AOR
Mls ID: #1052094
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.