3972 Snowy Egret DrMelbourneFL32904
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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
Total monthly income runs $4,512/mo, and a $3,426/mo payment. Purchase price stands at $699,900, and rental yield measures 7.74% with $4,512/mo rent. Return on cash invested shows 19.14% in year one, and 5% annual appreciation builds toward $193,369 over five years. Five-year ROI reaches 99.39% and total cumulative return in cash records $228,872. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,512/mo property income covering a $3,426/mo payment rather than investor’s personal income.
Single Family
Built in 1990
0.50 Acres lot
$N/A/sqft
$516 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
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Listed by: Angela O'Brien • RE/MAX Elite
Mls Name: Space Coast AOR
Mls ID: #1022372
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.