6915 Towhee DrMelbourne VillageFL32904
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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 Village at 6915 Towhee Dr, Melbourne Village, FL, 32904 listed at $399,000 pairs $3,498/mo rent with a $1,953/mo payment to leave $850/mo cash flow. Total monthly income runs $3,498/mo, and annual cash flow reaches $10,201/yr on $132,269 cash to close. Return on cash invested measures 27.62% in year one, and rental yield registers 10.52% at a $399,000 basis. Equity gained on principal adds $2,575/yr, and annual property appreciation at 5% supports $110,236 by year five. Five-year ROI tracks 144.81% and total cumulative return in cash totals $191,534. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,498/mo property income relative to a $1,953/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1989
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32904, Melbourne, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,570 (100%) |
| Owner Occupied HU | 11,735 (63.2%) |
| Renter Occupied HU | 5,076 (27.3%) |
| Vacant Housing Units | 1,759 ( 9.5%) |
| Median Home Value | $422,742 |
| Average Home Value | $431,583 |
Housing Distribution
Address Breakdown
Residential
17,661
Single Family
14,251
Multi-Family
3,410
Businesses
1,454
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Listed by: Deborah B Seiler • ITG Realty
Mls Name: Space Coast AOR
Mls ID: #1010165
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.