5120 Palm DrMelbourne BeachFL32951
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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
Total monthly income runs $3,684/mo, and a $3,524/mo payment. Purchase price stands at $719,950, and rental yield measures 6.14% with $3,684/mo rent. Return on cash invested shows 14.52% in year one, and 5% annual appreciation builds toward $198,909 over five years. Five-year ROI reaches 74.5% and total cumulative return in cash records $176,475. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,684/mo property income covering a $3,524/mo payment rather than investor’s personal income.
Single Family
Built in 1989
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32951, Melbourne Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,201 (100%) |
| Owner Occupied HU | 5,115 (71.0%) |
| Renter Occupied HU | 559 ( 7.8%) |
| Vacant Housing Units | 1,527 (21.2%) |
| Median Home Value | $609,081 |
| Average Home Value | $720,236 |
Housing Distribution
Address Breakdown
Residential
6,285
Single Family
5,166
Multi-Family
1,119
Businesses
282
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Listed by: Bradley Allan • KELLER WILLIAMS ST PETE REALTY
Mls Name: Stellar MLS
Mls ID: #TB8420251