3813 Craigston StMelbourneFL32940
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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 3813 Craigston St, Melbourne, FL, 32940 earns $1,096/mo cash flow from $9,290/mo rent with a $5,971/mo payment. Total monthly income totals $9,290/mo, and annual cash flow totals $13,152/yr on $395,280 capital. ROI tracks 23.7% on current figures, and rental yield reads 9.14% at a $1,220,000 purchase. Equity gained on principal adds $7,872/yr, and 5% annual appreciation supports $337,064 over five years. Five-year ROI reaches 123.76% and total cumulative return in cash sums $489,195. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $9,290/mo property income instead of your personal income.
Single Family
Built in 2019
0.25 Acres lot
$N/A/sqft
$1,178 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32940, Melbourne, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,025 (100%) |
| Owner Occupied HU | 18,755 (74.9%) |
| Renter Occupied HU | 4,298 (17.2%) |
| Vacant Housing Units | 1,972 ( 7.9%) |
| Median Home Value | $509,701 |
| Average Home Value | $561,457 |
Housing Distribution
Address Breakdown
Residential
23,879
Single Family
20,450
Multi-Family
3,429
Businesses
1,249
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Listed by: Maureen A Copeland • RE/MAX Aerospace Realty
Mls Name: Space Coast AOR
Mls ID: #1021225
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.