8438 Gullen 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 8438 Gullen Dr, Melbourne, FL, 32940 priced at $838,000 converts $3,875/mo rent into after a $4,102/mo obligation. Total monthly income equals $3,875/mo. Return on cash invested prints 12.72% in year one, and rental yield reads 5.55% against a $838,000 entry. Equity gained on principal adds $5,407/yr, while 5% annual appreciation compiles into $231,524 by year five. Five-year ROI reaches 64.85% and total cumulative return in cash sums $178,798. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,875/mo property income covering a $4,102/mo payment, not borrower’s personal income.
Single Family
Built in 2024
7,840 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
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