1798 Maeve CirWest 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 1798 Maeve Cir, West Melbourne, FL, 32904 priced at $439,900 pairs $3,386/mo rent with $419/mo cash flow after a $2,153/mo payment. Total monthly income equals $3,386/mo, and annual cash flow comes to $5,032/yr on $145,827 invested. Return on cash invested is 23.36% in year one, and rental yield stands at 9.24% on a $439,900 basis. Equity gained on principal adds $2,839/yr, and 5% annual appreciation accumulates to $121,536 by year five. Five-year ROI measures 122.09% and total cumulative return in cash reaches $178,047. For financing, Ziffy Mortgage’s DSCR program evaluates $3,386/mo property income against a $2,153/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2007
6,098 sqft lot
$N/A/sqft
$570 annually 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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Listed by: Candace L Mulvaney • RE/MAX Elite
Mls Name: Space Coast AOR
Mls ID: #1031145
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.