8953 Alister 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 8953 Alister Dr, Melbourne, FL, 32940 generates $6,396/mo in rent and, after a $3,519/mo payment, leaves $1,398/mo in cash flow. Total monthly income is $6,396/mo, and annual cash flow is $16,773/yr on $236,548 invested. Return on cash invested sits at 27.15% in year one, and rental yield is 10.67% on a $718,990 entry. Equity gained on principal adds $4,640/yr, while 5% annual appreciation builds toward $198,644 over five years. Five-year ROI reaches 142.65% and total cumulative return in cash sums $337,442. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,396/mo property income rather than buyer’s personal income.
Single Family
Built in 2022
7,405 sqft lot
$N/A/sqft
$227 monthly 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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Listed by: Grace Vista • Dale Sorensen Real Estate Inc.
Mls Name: Space Coast AOR
Mls ID: #1018551
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. Information is deemed reliable but not guaranteed.