2775 N Wickham Rd #A-304MelbourneFL32935
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
Rental property for sale in Melbourne at 2775 N Wickham Rd #A-304, Melbourne, FL, 32935 generates $1,442/mo in rent, after a $930/mo payment. Total monthly income is $1,442/mo. Return on cash invested sits at 12.59% in year one, and rental yield is 9.11% on a $190,000 entry. Equity gained on principal adds $1,226/yr, while 5% annual appreciation builds toward $52,494 over five years. Five-year ROI reaches 68.19% and total cumulative return in cash sums $42,948. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,442/mo property income rather than buyer’s personal income.
Condo
Built in 1981
3,920 sqft lot
$N/A/sqft
$565 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32935, Melbourne, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,824 (100%) |
| Owner Occupied HU | 11,605 (58.5%) |
| Renter Occupied HU | 6,821 (34.4%) |
| Vacant Housing Units | 1,398 ( 7.1%) |
| Median Home Value | $330,196 |
| Average Home Value | $431,874 |
Housing Distribution
Address Breakdown
Residential
19,701
Single Family
15,593
Multi-Family
4,108
Businesses
1,611
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Amy Yunker Gray • RE/MAX Elite
Mls Name: Space Coast AOR
Mls ID: #1042954
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.