8350 STATE ROAD 100MelroseFL32666
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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 Melrose at 8350 STATE ROAD 100, Melrose, FL, 32666 generates $2,051/mo in rent and, after a $1,172/mo payment, leaves $451/mo in cash flow. Total monthly income is $2,051/mo, and annual cash flow is $5,418/yr on $79,394 invested. Return on cash invested sits at 26.73% in year one, and rental yield is 10.28% on a $239,500 entry. Equity gained on principal adds $1,545/yr, while 5% annual appreciation builds toward $66,169 over five years. Five-year ROI reaches 140.11% and total cumulative return in cash sums $111,241. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,051/mo property income rather than buyer’s personal income.
Single Family
Built in 1959
1.21 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: SPRING MAYNARD • FLORIDA HOMES REALTY & MTG LLC
Mls Name: realMLS
Mls Provider:
Mls ID: #2048732
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.