2324 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 2324 Merlin Dr, West Melbourne, FL, 32904 listed at $549,500 pairs $3,246/mo rent with a $2,690/mo payment. Total monthly income runs $3,246/mo. Return on cash invested measures 17.4% in year one, and rental yield registers 7.09% at a $549,500 basis. Equity gained on principal adds $3,546/yr, and annual property appreciation at 5% supports $151,817 by year five. Five-year ROI tracks 89.93% and total cumulative return in cash totals $162,585. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,246/mo property income relative to a $2,690/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2014
9,583 sqft lot
$N/A/sqft
No 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: Todd Ostrander • RE/MAX Elite
Mls Name: Space Coast AOR
Mls ID: #1058177