950 Varnum St #3MelbourneFL32935
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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 950 Varnum St #3, Melbourne, FL, 32935 priced at $238,000 pairs $3,454/mo rent with $1,590/mo cash flow after a $1,165/mo payment. Total monthly income equals $3,454/mo, and annual cash flow comes to $19,086/yr on $78,897 invested. Return on cash invested is 44.1% in year one, and rental yield stands at 17.42% on a $238,000 basis. Equity gained on principal adds $1,536/yr, and 5% annual appreciation accumulates to $65,755 by year five. Five-year ROI measures 234.76% and total cumulative return in cash reaches $185,218. For financing, Ziffy Mortgage’s DSCR program evaluates $3,454/mo property income against a $1,165/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1982
N/A lot
$N/A/sqft
$284 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32935, Melbourne, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,824 (100%) |
| Owner Occupied HU | 11,605 (58.5%) |
| Renter Occupied HU | 6,821 (34.4%) |
| Vacant Housing Units | 1,398 ( 7.1%) |
| Median Home Value | $330,196 |
| Average Home Value | $431,874 |
Housing Distribution
Address Breakdown
Residential
19,701
Single Family
15,593
Multi-Family
4,108
Businesses
1,611
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Listed by: Nathan Ringel • Salt Water Realty of Brevard
Mls Name: Space Coast AOR
Mls ID: #1021653
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.