2849 Millennium CirMelbourneFL32940
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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 2849 Millennium Cir, Melbourne, FL, 32940 at $690,000 posts ROI 15.95% with from $4,289/mo rent. Total monthly income equals $4,289/mo. Return on cash invested measures 15.95% and rental yield reads 7.46% at the current $690,000. Equity gained on principal adds $4,452/yr, and 5% annual appreciation supports $190,634 by year five. Five-year ROI prints 83.11% and total cumulative return in cash totals $188,660. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,289/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2020
7,840 sqft lot
$N/A/sqft
$488 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32940, Melbourne, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,025 (100%) |
| Owner Occupied HU | 18,755 (74.9%) |
| Renter Occupied HU | 4,298 (17.2%) |
| Vacant Housing Units | 1,972 ( 7.9%) |
| Median Home Value | $509,701 |
| Average Home Value | $561,457 |
Housing Distribution
Address Breakdown
Residential
23,879
Single Family
20,450
Multi-Family
3,429
Businesses
1,249
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Listed by: Eugene Crockett Jr. • EXP Realty LLC
Mls Name: Space Coast AOR
Mls ID: #1034537
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.