614 Walker StMelbourneFL32901
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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 614 Walker St, Melbourne, FL, 32901 offers $839/mo rent that, after a $538/mo payment, leaves $110/mo cash flow. Total monthly income is $839/mo, and annual cash flow is $1,314/yr on $36,448 cash. Return on cash invested measures 23.51% in year one, and rental yield stands at 9.16% at a $109,950 entry. Equity gained on principal adds $709/yr while 5% annual appreciation compounds into $30,377 by year five. Five-year ROI records 122.83% and total cumulative return in cash reaches $44,768. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $839/mo property income versus a $538/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1968
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32901, Melbourne, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,480 (100%) |
| Owner Occupied HU | 6,367 (44.0%) |
| Renter Occupied HU | 6,469 (44.7%) |
| Vacant Housing Units | 1,644 (11.4%) |
| Median Home Value | $319,748 |
| Average Home Value | $342,688 |
Housing Distribution
Address Breakdown
Residential
13,045
Single Family
9,940
Multi-Family
3,105
Businesses
1,439
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