520 Lee 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 520 Lee Ct, West Melbourne, FL, 32904 uses $62,819 cash to close to unlock $5,363/yr annual cash flow and $447/mo monthly cash flow. Total monthly income runs $1,705/mo, and a $928/mo payment keeps the spread at $447/mo. Purchase price stands at $189,500, and rental yield measures 10.8% with $1,705/mo rent. Return on cash invested shows 28.45% in year one, and 5% annual appreciation builds toward $52,355 over five years. Five-year ROI reaches 149.21% and total cumulative return in cash records $93,731. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,705/mo property income covering a $928/mo payment rather than investor’s personal income.
Manufactured
Built in 1982
0.26 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: David Cable • RE/MAX Elite
Mls Name: Space Coast AOR
Mls ID: #1064622