485 Horsemint AveWest MelbourneFL32904
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 West Melbourne at 485 Horsemint Ave, West Melbourne, FL, 32904 priced at $499,000 pairs $2,684/mo rent with after a $2,442/mo payment. Total monthly income equals $2,684/mo. Return on cash invested is 15.36% in year one, and rental yield stands at 6.45% on a $499,000 basis. Equity gained on principal adds $3,220/yr, and 5% annual appreciation accumulates to $137,865 by year five. Five-year ROI measures 79.02% and total cumulative return in cash reaches $130,722. For financing, Ziffy Mortgage’s DSCR program evaluates $2,684/mo property income against a $2,442/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2018
6,098 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: DeniseIngrid Stanton • RE/MAX Aerospace Realty
Mls Name: Space Coast AOR
Mls ID: #1061857