5680 Melbourne Court AveImmokaleeFL34142
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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 Immokalee at 5680 Melbourne Court Ave, Immokalee, FL, 34142 priced at $359,800 converts $2,483/mo rent into after a $1,761/mo obligation. Total monthly income equals $2,483/mo. Return on cash invested prints 10.58% in year one, and rental yield reads 8.28% against a $359,800 entry. Equity gained on principal adds $2,322/yr, while 5% annual appreciation compiles into $99,406 by year five. Five-year ROI reaches 57.13% and total cumulative return in cash sums $68,143. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,483/mo property income covering a $1,761/mo payment, not borrower’s personal income.
Condo
Built in 2025
N/A lot
$N/A/sqft
$12,270 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34142, Immokalee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,170 (100%) |
| Owner Occupied HU | 7,515 (57.1%) |
| Renter Occupied HU | 4,257 (32.3%) |
| Vacant Housing Units | 1,398 (10.6%) |
| Median Home Value | $403,752 |
| Average Home Value | $472,507 |
Housing Distribution
Address Breakdown
Residential
10,496
Single Family
9,125
Multi-Family
1,371
Businesses
523
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Listed by: Teri Reinersman • RE/Max Genesis
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #225042217
Disclaimer: The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS. Copyright 2025 Southwest Florida MLS. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it.