439 Norwich Ln #C-37Melbourne BeachFL32951
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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 Beach at 439 Norwich Ln #C-37, Melbourne Beach, FL, 32951 earns $198/mo cash flow from $1,227/mo rent with a $759/mo payment. Total monthly income totals $1,227/mo, and annual cash flow totals $2,376/yr on $51,383 capital. ROI tracks 24.53% on current figures, and rental yield reads 9.5% at a $155,000 purchase. Equity gained on principal adds $1,000/yr, and 5% annual appreciation supports $42,824 over five years. Five-year ROI reaches 128.32% and total cumulative return in cash sums $65,932. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,227/mo property income instead of your personal income.
Manufactured
Built in 1979
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32951, Melbourne Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,201 (100%) |
| Owner Occupied HU | 5,115 (71.0%) |
| Renter Occupied HU | 559 ( 7.8%) |
| Vacant Housing Units | 1,527 (21.2%) |
| Median Home Value | $609,081 |
| Average Home Value | $720,236 |
Housing Distribution
Address Breakdown
Residential
6,285
Single Family
5,166
Multi-Family
1,119
Businesses
282
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Listed by: Sandra Bergman • Cove Communities
Mls Name: My State MLS
Mls ID: #11406089