3908 Alligator Flag CirWest MelbourneFL32904
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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
Rental property for sale in West Melbourne at 3908 Alligator Flag Cir, West Melbourne, FL, 32904 priced at $449,900 converts $3,242/mo rent into $116/mo cash flow after a $2,202/mo obligation. Total monthly income equals $3,242/mo, and annual cash flow totals $1,389/yr on $149,142 invested. Return on cash invested prints 20.84% in year one, and rental yield reads 8.65% against a $449,900 entry. Equity gained on principal adds $2,903/yr, while 5% annual appreciation compiles into $124,299 by year five. Five-year ROI reaches 108.82% and total cumulative return in cash sums $162,298. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,242/mo property income covering a $2,202/mo payment, not borrower’s personal income.
Single Family
Built in 2020
6,098 sqft lot
$N/A/sqft
$422 quarterly 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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Listed by: Dee Dee R Davis • BHHS Florida Realty
Mls Name: Space Coast AOR
Mls ID: #1034052
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.