2220 Front St APT 401MelbourneFL32901
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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 2220 Front St APT 401, Melbourne, FL, 32901 offers a 7.85% rental yield on a $684,900 purchase with $4,482/mo rent. 43% in year one. Equity gained on principal adds $4,420/yr while 5% annual appreciation supports $189,225 over five years. Portfolio math shows five-year ROI at 80.94% and total cumulative return in cash at $182,379. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,482/mo property income against a $3,352/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1983
1,742 sqft lot
$N/A/sqft
$807 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32901, Melbourne, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,480 (100%) |
| Owner Occupied HU | 6,367 (44.0%) |
| Renter Occupied HU | 6,469 (44.7%) |
| Vacant Housing Units | 1,644 (11.4%) |
| Median Home Value | $319,748 |
| Average Home Value | $342,688 |
Housing Distribution
Address Breakdown
Residential
13,045
Single Family
9,940
Multi-Family
3,105
Businesses
1,439
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Listed by: Andy Waterman • Waterman Real Estate, Inc.
Mls Name: Space Coast AOR
Mls ID: #1050108
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.