604 Citrus CtMelbourne 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
Rental property for sale in Melbourne Beach at 604 Citrus Ct, Melbourne Beach, FL, 32951 offers $6,144/mo rent that, after a $3,059/mo payment, leaves $1,996/mo cash flow. Total monthly income is $6,144/mo, and annual cash flow is $23,958/yr on $205,625 cash. Return on cash invested measures 31.71% in year one, and rental yield stands at 11.8% at a $625,000 entry. Equity gained on principal adds $4,033/yr while 5% annual appreciation compounds into $172,676 by year five. Five-year ROI records 166.7% and total cumulative return in cash reaches $342,769. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $6,144/mo property income versus a $3,059/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1967
0.28 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: Rula Kakish Rukab • Keller Williams Realty Brevard
Mls Name: Space Coast AOR
Mls ID: #1065027