508 Lorelei AveMelbourneFL32901
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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 508 Lorelei Ave, Melbourne, FL, 32901 at $350,000 posts ROI 21.39% with $143/mo cash flow from $2,749/mo rent. Total monthly income equals $2,749/mo, and annual cash flow records $1,717/yr on $116,025 to close. Return on cash invested measures 21.39% and rental yield reads 9.43% at the current $350,000. Equity gained on principal adds $2,258/yr, and 5% annual appreciation supports $96,699 by year five. Five-year ROI prints 112.47% and total cumulative return in cash totals $130,490.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,749/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2018
4,791 sqft lot
$N/A/sqft
$850 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32901, Melbourne, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,480 (100%) |
| Owner Occupied HU | 6,367 (44.0%) |
| Renter Occupied HU | 6,469 (44.7%) |
| Vacant Housing Units | 1,644 (11.4%) |
| Median Home Value | $319,748 |
| Average Home Value | $342,688 |
Housing Distribution
Address Breakdown
Residential
13,045
Single Family
9,940
Multi-Family
3,105
Businesses
1,439
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Listed by: Silvia Mozer • RE/MAX Elite
Mls Name: Space Coast AOR
Mls ID: #1046552
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.