704 Amelia LnMelbourne BeachFL32951
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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
Rental property for sale in Melbourne Beach at 704 Amelia Ln, Melbourne Beach, FL, 32951 priced at $125,000 converts $944/mo rent into $114/mo cash flow after a $612/mo obligation. Total monthly income equals $944/mo, and annual cash flow totals $1,371/yr on $41,438 invested. Return on cash invested prints 23.22% in year one, and rental yield reads 9.06% against a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation compiles into $34,535 by year five. Five-year ROI reaches 121.26% and total cumulative return in cash sums $50,249. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $944/mo property income covering a $612/mo payment, not borrower’s personal income.
Manufactured
Built in 1976
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32951, Melbourne Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,201 (100%) |
| Owner Occupied HU | 5,115 (71.0%) |
| Renter Occupied HU | 559 ( 7.8%) |
| Vacant Housing Units | 1,527 (21.2%) |
| Median Home Value | $609,081 |
| Average Home Value | $720,236 |
Housing Distribution
Address Breakdown
Residential
6,285
Single Family
5,166
Multi-Family
1,119
Businesses
282
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Listed by: Jim Hamilton • Sunset Home Sales
Mls Name: My State MLS
Mls ID: #11609410