8189 MELROSE RoadMelroseFL32666
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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 Melrose at 8189 MELROSE Road, Melrose, FL, 32666 at $189,900 posts ROI 52.86% with $1,729/mo cash flow from $3,060/mo rent. Total monthly income equals $3,060/mo, and annual cash flow records $20,745/yr on $62,952 to close. Return on cash invested measures 52.86% and rental yield reads 19.34% at the current $189,900. Equity gained on principal adds $1,225/yr, and 5% annual appreciation supports $52,466 by year five. Five-year ROI prints 280.64% and total cumulative return in cash totals $176,669.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,060/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1970
14.21 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32666, Melrose, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,302 (100%) |
| Owner Occupied HU | 2,299 (69.6%) |
| Renter Occupied HU | 396 (12.0%) |
| Vacant Housing Units | 607 (18.4%) |
| Median Home Value | $319,910 |
| Average Home Value | $352,191 |
Housing Distribution
Address Breakdown
Residential
2,600
Single Family
2,600
Multi-Family
0
Businesses
174
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Listed by: PATRICIA MOSER • HORIZON REALTY OF ALACHUA INC
Mls Name: realMLS
Mls Provider:
Mls ID: #2038544
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. Data is deemed reliable but is not guaranteed accurate by realMLS.