407 Rio Palma SMelbourneFL32903
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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 407 Rio Palma S, Melbourne, FL, 32903 with 5% annual appreciation on a $936,000 basis while $6,316/mo rent supports operations. Total monthly income totals $6,316/mo and a $4,581/mo payment preserves $105/mo for cash returns. Annual cash flow comes to $1,258/yr on $307,944 deployed, and return on cash invested reaches 20.47% in year one. Equity gained on principal adds $6,040/yr, and five-year appreciation sums $258,600 alongside rental yield of 8.1%. Five-year ROI measures 106.4% and total cumulative return in cash totals $327,646.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $6,316/mo property income versus a $4,581/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1984
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32903, Indialantic, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,168 (100%) |
| Owner Occupied HU | 4,984 (69.5%) |
| Renter Occupied HU | 1,264 (17.6%) |
| Vacant Housing Units | 920 (12.8%) |
| Median Home Value | $592,903 |
| Average Home Value | $628,684 |
Housing Distribution
Address Breakdown
Residential
6,686
Single Family
5,455
Multi-Family
1,231
Businesses
481
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