1040 Olde Bailey LnWest MelbourneFL32904
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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 West Melbourne at 1040 Olde Bailey Ln, West Melbourne, FL, 32904 generates $3,642/mo in rent and, after a $1,961/mo payment, leaves $956/mo in cash flow. Total monthly income is $3,642/mo, and annual cash flow is $11,474/yr on $132,829 invested. Return on cash invested sits at 28.55% in year one, and rental yield is 10.91% on a $400,690 entry. Equity gained on principal adds $2,586/yr, while 5% annual appreciation builds toward $110,703 over five years. Five-year ROI reaches 149.85% and total cumulative return in cash sums $199,048. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,642/mo property income rather than buyer’s personal income.
Single Family
Built in 2001
6,098 sqft lot
$N/A/sqft
$27 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32904, Melbourne, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,570 (100%) |
| Owner Occupied HU | 11,735 (63.2%) |
| Renter Occupied HU | 5,076 (27.3%) |
| Vacant Housing Units | 1,759 ( 9.5%) |
| Median Home Value | $422,742 |
| Average Home Value | $431,583 |
Housing Distribution
Address Breakdown
Residential
17,661
Single Family
14,251
Multi-Family
3,410
Businesses
1,454
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