750 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 750 Pine Island Dr, Melbourne, FL, 32940 with 5% annual appreciation on a $269,000 basis while $2,490/mo rent supports operations. Total monthly income totals $2,490/mo and a $1,317/mo payment preserves $186/mo for cash returns. Annual cash flow comes to $2,236/yr on $89,174 deployed, and return on cash invested reaches 22.42% in year one. Equity gained on principal adds $1,736/yr, and five-year appreciation sums $74,320 alongside rental yield of 11.11%. Five-year ROI measures 119.43% and total cumulative return in cash totals $106,499.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,490/mo property income versus a $1,317/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Townhouse
Built in 1986
3,049 sqft lot
$N/A/sqft
$450 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: Cindy Walker • One Sotheby's International
Mls Name: Space Coast AOR
Mls ID: #1033843
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.