442 Carmel DrMelbourneFL32940
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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 442 Carmel Dr, Melbourne, FL, 32940 offers $3,775/mo rent that, after a $2,227/mo payment, leaves $550/mo cash flow. Total monthly income is $3,775/mo, and annual cash flow is $6,602/yr on $150,833 cash. Return on cash invested measures 24.29% in year one, and rental yield stands at 9.96% at a $455,000 entry. Equity gained on principal adds $2,936/yr while 5% annual appreciation compounds into $125,708 by year five. Five-year ROI records 127.51% and total cumulative return in cash reaches $192,328. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,775/mo property income versus a $2,227/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1993
7,405 sqft lot
$N/A/sqft
$150 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32940, Melbourne, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,025 (100%) |
| Owner Occupied HU | 18,755 (74.9%) |
| Renter Occupied HU | 4,298 (17.2%) |
| Vacant Housing Units | 1,972 ( 7.9%) |
| Median Home Value | $509,701 |
| Average Home Value | $561,457 |
Housing Distribution
Address Breakdown
Residential
23,879
Single Family
20,450
Multi-Family
3,429
Businesses
1,249
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Listed by: Stephen E Johnson • Engel&Voelkers Melb Beachside
Mls Name: Space Coast AOR
Mls ID: #1051663
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.