810 Ridge Lake DrMelbourneFL32940
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 810 Ridge Lake Dr, Melbourne, FL, 32940 offers a 9.53% rental yield on a $365,000 purchase with $2,899/mo rent. Total monthly income registers $2,899/mo, and a $1,786/mo payment leaves $477/mo available for distribution. Annual cash flow reaches $5,727/yr on $120,998 to close, and return on cash invested stands at 24.64% in year one. Equity gained on principal adds $2,355/yr while 5% annual appreciation supports $100,843 over five years. Portfolio math shows five-year ROI at 128.83% and total cumulative return in cash at $155,875. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,899/mo property income against a $1,786/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1988
3,920 sqft lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices