8033 Old Tramway 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
Rental property for sale in Melbourne at 8033 Old Tramway Dr, Melbourne, FL, 32940 priced at $989,000 pairs $5,195/mo rent with after a $4,841/mo payment. Total monthly income equals $5,195/mo. Return on cash invested is 14.9% in year one, and rental yield stands at 6.3% on a $989,000 basis. Equity gained on principal adds $6,382/yr, and 5% annual appreciation accumulates to $273,242 by year five. Five-year ROI measures 76.58% and total cumulative return in cash reaches $249,162. For financing, Ziffy Mortgage’s DSCR program evaluates $5,195/mo property income against a $4,841/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2001
0.26 Acres lot
$N/A/sqft
$95 annually 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: Jason M Lande • RE/MAX Aerospace Realty
Mls Name: Space Coast AOR
Mls ID: #1035321
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.