4385 Milwaukee AveMelbourneFL32904
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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 Melbourne at 4385 Milwaukee Ave, Melbourne, FL, 32904 priced at $509,900 converts $3,032/mo rent into after a $2,496/mo obligation. Total monthly income equals $3,032/mo. Return on cash invested prints 17.3% in year one, and rental yield reads 7.14% against a $509,900 entry. Equity gained on principal adds $3,290/yr, while 5% annual appreciation compiles into $140,876 by year five. Five-year ROI reaches 89.52% and total cumulative return in cash sums $150,176. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,032/mo property income covering a $2,496/mo payment, not borrower’s personal income.
Single Family
Built in 1982
1.32 Acres lot
$N/A/sqft
No 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: Michael C Waterman • Waterman Real Estate, Inc.
Mls Name: Space Coast AOR
Mls ID: #1029885
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.