603 Citirus Court River Colony East E LOT 8Melbourne BeachFL32951
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
Investment property for sale in Melbourne Beach at 603 Citirus Court River Colony East E LOT 8, Melbourne Beach, FL, 32951 listed at $850,000 pairs $3,889/mo rent with a $4,160/mo payment. Total monthly income runs $3,889/mo. Return on cash invested measures 12.54% in year one, and rental yield registers 5.49% at a $850,000 basis. Equity gained on principal adds $5,485/yr, and annual property appreciation at 5% supports $234,839 by year five. Five-year ROI tracks 63.91% and total cumulative return in cash totals $178,726. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,889/mo property income relative to a $4,160/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1964
0.37 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Perry J Coleman Jr. • Indian River Realty
Mls Name: Space Coast AOR
Mls ID: #1064710