679 Sandpiper CirMelbourneFL32901
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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
Investment property for sale in Melbourne at 679 Sandpiper Cir, Melbourne, FL, 32901 earns $549/mo cash flow from $2,626/mo rent with a $1,527/mo payment. Total monthly income totals $2,626/mo, and annual cash flow totals $6,592/yr on $103,428 capital. ROI tracks 26.28% on current figures, and rental yield reads 10.1% at a $312,000 purchase. Equity gained on principal adds $2,013/yr, and 5% annual appreciation supports $86,200 over five years. Five-year ROI reaches 137.65% and total cumulative return in cash sums $142,367. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,626/mo property income instead of your personal income.
Single Family
Built in 1991
7,840 sqft lot
$N/A/sqft
$75 annually 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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Listed by: Robert E Jones • Offerpad Brokerage ''FL'' LLC
Mls Name: Space Coast AOR
Mls ID: #1047713
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.