2488 Sunbird PlMelbourneFL32904
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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 2488 Sunbird Pl, Melbourne, FL, 32904 with 5% annual appreciation on a $127,500 basis while $985/mo rent supports operations. Total monthly income totals $985/mo and a $624/mo payment preserves $139/mo for cash returns. Annual cash flow comes to $1,667/yr on $42,266 deployed, and return on cash invested reaches 23.85% in year one. Equity gained on principal adds $823/yr, and five-year appreciation sums $35,226 alongside rental yield of 9.27%. Five-year ROI measures 124.55% and total cumulative return in cash totals $52,642.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $985/mo property income versus a $624/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 1988
N/A 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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