5727 Tamarac DrMelbourneFL32940
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 $2,621/mo, and a $1,738/mo payment. Purchase price stands at $355,000, and rental yield measures 8.86% with $2,621/mo rent. Return on cash invested shows 17.37% in year one, and 5% annual appreciation builds toward $98,080 over five years. Five-year ROI reaches 91.71% and total cumulative return in cash records $107,928. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,621/mo property income covering a $1,738/mo payment rather than investor’s personal income.
Townhouse
Built in 2012
3,920 sqft lot
$N/A/sqft
$423 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brenda B. Quintero • RE/MAX Aerospace Realty
Mls Name: Space Coast AOR
Mls ID: #1050810
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.