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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Melrose at 405 SE 28TH WAY Way, Melrose, FL, 32666 earns $146/mo cash flow from $3,264/mo rent with a $2,300/mo payment. Total monthly income totals $3,264/mo, and annual cash flow totals $1,747/yr on $155,772 capital. ROI tracks 21.03% on current figures, and rental yield reads 8.34% at a $469,900 purchase. Equity gained on principal adds $3,032/yr, and 5% annual appreciation supports $129,825 over five years. Five-year ROI reaches 109.45% and total cumulative return in cash sums $170,486. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,264/mo property income instead of your personal income.
Single Family
Built in 1995
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 32666, Melrose, FL area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,302 (100%) |
| Owner Occupied HU | 2,299 (69.6%) |
| Renter Occupied HU | 396 (12.0%) |
| Vacant Housing Units | 607 (18.4%) |
| Median Home Value | $319,910 |
| Average Home Value | $352,191 |
Residential
2,600
Single Family
2,600
Multi-Family
0
Businesses
174
Date | Event | Price |
|---|---|---|
| 2025-01-07 | Price change | $469,900 |
| 2024-11-15 | Listed for sale | $474,900 |
| 1995-08-01 | Sold | $14,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-11 | $2142.25 | 5.56% | $170,500 | 3.00% |
| 2022-02-11 | $2029.46 | 1.03% | $165,534 | 3.00% |
| 2021-02-11 | $2008.84 | 6.32% | $160,713 | 1.40% |
Listed by: CARRIE CREWS • CW REALTY
Mls Name: realMLS
Mls Provider:
Mls ID: #2056772
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. Data is deemed reliable but is not guaranteed accurate by realMLS.
