97 Lamplighter Dr,Melbourne,FL,32934

Investment Highlights

Rental property for sale in Melbourne at 97 Lamplighter Dr, Melbourne, FL, 32934 offers $1,171/mo rent that, after a $729/mo payment, leaves $182/mo cash flow. Total monthly income is $1,171/mo, and annual cash flow is $2,190/yr on $49,394 cash. Return on cash invested measures 24.34% in year one, and rental yield stands at 9.43% at a $149,000 entry. Equity gained on principal adds $961/yr while 5% annual appreciation compounds into $41,166 by year five. Five-year ROI records 127.24% and total cumulative return in cash reaches $62,848. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,171/mo property income versus a $729/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.