870 Cross Lake DrMelbourneFL32901
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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 870 Cross Lake Dr, Melbourne, FL, 32901 generates $1,937/mo in rent and, after a $1,248/mo payment, leaves $245/mo in cash flow. Total monthly income is $1,937/mo, and annual cash flow is $2,938/yr on $84,533 invested. Return on cash invested sits at 23.39% in year one, and rental yield is 9.12% on a $255,000 entry. Equity gained on principal adds $1,645/yr, while 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 122.08% and total cumulative return in cash sums $103,196. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,937/mo property income rather than buyer’s personal income.
Single Family
Built in 1989
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32901, Melbourne, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,480 (100%) |
| Owner Occupied HU | 6,367 (44.0%) |
| Renter Occupied HU | 6,469 (44.7%) |
| Vacant Housing Units | 1,644 (11.4%) |
| Median Home Value | $319,748 |
| Average Home Value | $342,688 |
Housing Distribution
Address Breakdown
Residential
13,045
Single Family
9,940
Multi-Family
3,105
Businesses
1,439
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