704 Pine Island DrMelbourneFL32940
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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 704 Pine Island Dr, Melbourne, FL, 32940 with 5% annual appreciation on a $317,000 basis while $3,335/mo rent supports operations. Total monthly income totals $3,335/mo and a $1,552/mo payment preserves $761/mo for cash returns. Annual cash flow comes to $9,131/yr on $105,086 deployed, and return on cash invested reaches 28.6% in year one. Equity gained on principal adds $2,046/yr, and five-year appreciation sums $87,581 alongside rental yield of 12.62%. Five-year ROI measures 151.98% and total cumulative return in cash totals $159,705.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,335/mo property income versus a $1,552/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Townhouse
Built in 1985
1,742 sqft lot
$N/A/sqft
$470 monthly 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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Listed by: Brenda Boren Corliss • Newton Real Estate Group
Mls Name: Space Coast AOR
Mls ID: #1018137
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.