619 Waveside Dr,Melbourne,FL,32934

Investment Highlights

Rental property for sale in Melbourne at 619 Waveside Dr, Melbourne, FL, 32934 generates $1,113/mo in rent and, after a $680/mo payment, leaves $191/mo in cash flow. Total monthly income is $1,113/mo, and annual cash flow is $2,291/yr on $46,079 invested. Return on cash invested sits at 24.88% in year one, and rental yield is 9.61% on a $139,000 entry. Equity gained on principal adds $897/yr, while 5% annual appreciation builds toward $38,403 over five years. Five-year ROI reaches 130.07% and total cumulative return in cash sums $59,936. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,113/mo property income rather than buyer’s personal income.