2183 Woodfield CirWest MelbourneFL32904
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 West Melbourne at 2183 Woodfield Cir, West Melbourne, FL, 32904 uses $170,718 cash to close to unlock $14,679/yr annual cash flow and $1,223/mo monthly cash flow. Total monthly income runs $4,855/mo, and a $2,540/mo payment keeps the spread at $1,223/mo. Purchase price stands at $518,899, and rental yield measures 11.23% with $4,855/mo rent. Return on cash invested shows 28.66% in year one, and 5% annual appreciation builds toward $143,362 over five years. Five-year ROI reaches 150.82% and total cumulative return in cash records $257,473. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,855/mo property income covering a $2,540/mo payment rather than investor’s personal income.
Single Family
Built in 2004
0.28 Acres lot
$N/A/sqft
$715 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Meili Viera Porter • Waterman Real Estate Inc.
Mls Name: Space Coast AOR
Mls ID: #1012157
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.