1166 Wild Flower DrMelbourneFL32940
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment property for sale in Melbourne at 1166 Wild Flower Dr, Melbourne, FL, 32940 with 5% annual appreciation on a $800,000 basis while $7,128/mo rent supports operations. Total monthly income totals $7,128/mo and a $3,916/mo payment preserves $1,720/mo for cash returns. Annual cash flow comes to $20,635/yr on $263,200 deployed, and return on cash invested reaches 27.9% in year one. Equity gained on principal adds $5,162/yr, and five-year appreciation sums $221,025 alongside rental yield of 10.69%. Five-year ROI measures 146.42% and total cumulative return in cash totals $385,376.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $7,128/mo property income versus a $3,916/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2001
10,018 sqft lot
$N/A/sqft
$845 annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Gloria Joy Scalise • Waterman Real Estate Inc.
Mls Name: Space Coast AOR
Mls ID: #1042154
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.