6858 Toland Dr APT 201MelbourneFL32940
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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 6858 Toland Dr APT 201, Melbourne, FL, 32940 listed at $374,000 pairs $2,677/mo rent with a $1,831/mo payment to leave $195/mo cash flow. Total monthly income runs $2,677/mo, and annual cash flow reaches $2,335/yr on $123,981 cash to close. Return on cash invested measures 21.79% in year one, and rental yield registers 8.59% at a $374,000 basis. Equity gained on principal adds $2,413/yr, and annual property appreciation at 5% supports $103,329 by year five. Five-year ROI tracks 113.54% and total cumulative return in cash totals $140,773. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,677/mo property income relative to a $1,831/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2007
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32940, Melbourne, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,025 (100%) |
| Owner Occupied HU | 18,755 (74.9%) |
| Renter Occupied HU | 4,298 (17.2%) |
| Vacant Housing Units | 1,972 ( 7.9%) |
| Median Home Value | $509,701 |
| Average Home Value | $561,457 |
Housing Distribution
Address Breakdown
Residential
23,879
Single Family
20,450
Multi-Family
3,429
Businesses
1,249
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