329 Lake CtWest 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 329 Lake Ct, West Melbourne, FL, 32904 earns $399/mo cash flow from $2,582/mo rent with a $1,610/mo payment. Total monthly income totals $2,582/mo, and annual cash flow totals $4,788/yr on $109,064 capital. ROI tracks 24.3% on current figures, and rental yield reads 9.42% at a $329,000 purchase. Equity gained on principal adds $2,123/yr, and 5% annual appreciation supports $90,897 over five years. Five-year ROI reaches 126.96% and total cumulative return in cash sums $138,465. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,582/mo property income instead of your personal income.
Single Family
Built in 1964
0.76 Acres 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: Susan D Kuschel • Dale Sorensen Real Estate Inc.
Mls Name: Space Coast AOR
Mls ID: #1048479
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.