440 Norwich LnMelbourne BeachFL32951
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
Investment property for sale in Melbourne Beach at 440 Norwich Ln, Melbourne Beach, FL, 32951 uses $43,758 cash to close to unlock $33,625/yr annual cash flow and $2,802/mo monthly cash flow. Total monthly income runs $3,678/mo, and a $646/mo payment keeps the spread at $2,802/mo. Purchase price stands at $132,000, and rental yield measures 33.44% with $3,678/mo rent. Return on cash invested shows 96.75% in year one, and 5% annual appreciation builds toward $36,469 over five years. Five-year ROI reaches 515.63% and total cumulative return in cash records $225,631. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,678/mo property income covering a $646/mo payment rather than investor’s personal income.
Manufactured
Built in 1973
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jim Hamilton • Sunset Home Sales
Mls Name: My State MLS
Mls ID: #11385083