386 Myrtlewood RdMelbourneFL32940
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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 386 Myrtlewood Rd, Melbourne, FL, 32940 at $319,500 posts ROI 29.87% with $880/mo cash flow from $3,000/mo rent. Total monthly income equals $3,000/mo, and annual cash flow records $10,554/yr on $105,914 to close. Return on cash invested measures 29.87% and rental yield reads 11.27% at the current $319,500. Equity gained on principal adds $2,062/yr, and 5% annual appreciation supports $88,272 by year five. Five-year ROI prints 156.89% and total cumulative return in cash totals $166,166.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,000/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1986
6,534 sqft lot
$N/A/sqft
No 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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