2143 Merlin DrWest 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
Investment property for sale in West Melbourne at 2143 Merlin Dr, West Melbourne, FL, 32904 earns from $4,096/mo rent with a $3,054/mo payment. Total monthly income totals $4,096/mo. ROI tracks 19.52% on current figures, and rental yield reads 7.88% at a $623,900 purchase. Equity gained on principal adds $4,026/yr, and 5% annual appreciation supports $172,372 over five years. Five-year ROI reaches 101.41% and total cumulative return in cash sums $208,167. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,096/mo property income instead of your personal income.
Single Family
Built in 2006
0.36 Acres lot
$N/A/sqft
$575 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: Dawn DiNoto • Real Broker, LLC
Mls Name: Space Coast AOR
Mls ID: #1044334
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.