1776 Sophias Dr APT 303MelbourneFL32940
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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
Investment property for sale in Melbourne at 1776 Sophias Dr APT 303, Melbourne, FL, 32940 uses $57,979 cash to close to unlock $2,739/yr annual cash flow and $228/mo monthly cash flow. Total monthly income runs $1,721/mo, and a $856/mo payment keeps the spread at $228/mo. Purchase price stands at $174,900, and rental yield measures 11.81% with $1,721/mo rent. Return on cash invested shows 24.63% in year one, and 5% annual appreciation builds toward $48,322 over five years. Five-year ROI reaches 131.32% and total cumulative return in cash records $76,140. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,721/mo property income covering a $856/mo payment rather than investor’s personal income.
Condo
Built in 2003
5,662 sqft lot
$N/A/sqft
$261 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: Marlena Wassel • Real Estate Solutions Brevard
Mls Name: Space Coast AOR
Mls ID: #1033752
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.