595 Bella Vista CorteMelbourneFL32903
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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 595 Bella Vista Corte, Melbourne, FL, 32903 priced at $629,000 converts $7,688/mo rent into $3,337/mo cash flow after a $3,079/mo obligation. Total monthly income equals $7,688/mo, and annual cash flow totals $40,040/yr on $206,941 invested. Return on cash invested prints 39.41% in year one, and rental yield reads 14.67% against a $629,000 entry. Equity gained on principal adds $4,059/yr, while 5% annual appreciation compiles into $173,781 by year five. Five-year ROI reaches 208.34% and total cumulative return in cash sums $431,145. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $7,688/mo property income covering a $3,079/mo payment, not borrower’s personal income.
Single Family
Built in 1986
0.32 Acres lot
$N/A/sqft
$300 semi-annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32903, Indialantic, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,168 (100%) |
| Owner Occupied HU | 4,984 (69.5%) |
| Renter Occupied HU | 1,264 (17.6%) |
| Vacant Housing Units | 920 (12.8%) |
| Median Home Value | $592,903 |
| Average Home Value | $628,684 |
Housing Distribution
Address Breakdown
Residential
6,686
Single Family
5,455
Multi-Family
1,231
Businesses
481
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Listed by: Jennifer E Weatherholt • One Sotheby's International
Mls Name: Space Coast AOR
Mls ID: #1007223
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.