3880 Peacock DrMelbourneFL32904
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 3880 Peacock Dr, Melbourne, FL, 32904 priced at $779,000 converts $4,490/mo rent into after a $3,813/mo obligation. Total monthly income equals $4,490/mo. Return on cash invested prints 16.64% in year one, and rental yield reads 6.92% against a $779,000 entry. Equity gained on principal adds $5,027/yr, while 5% annual appreciation compiles into $215,223 by year five. Five-year ROI reaches 85.98% and total cumulative return in cash sums $220,358. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,490/mo property income covering a $3,813/mo payment, not borrower’s personal income.
Single Family
Built in 1994
0.50 Acres lot
$N/A/sqft
$600 annually 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
Listed by: Julie Sourakakone • HomeSmart Coastal Realty
Mls Name: Space Coast AOR
Mls ID: #1028032
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.