631 Ridge Club Dr #16MelbourneFL32934
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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
Total monthly income runs $1,338/mo, and a $827/mo payment. Purchase price stands at $169,000, and rental yield measures 9.5% with $1,338/mo rent. Return on cash invested shows 16.78% in year one, and 5% annual appreciation builds toward $46,692 over five years. Five-year ROI reaches 89.44% and total cumulative return in cash records $50,107. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,338/mo property income covering a $827/mo payment rather than investor’s personal income.
Condo
Built in 1985
4,356 sqft lot
$N/A/sqft
$270 monthly HOA
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Listed by: Peggy Baker • Coastal Living Realty & Inv.
Mls Name: Space Coast AOR
Mls ID: #1037992
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