592 N Wickham Rd APT 12MelbourneFL32935
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 at 592 N Wickham Rd APT 12, Melbourne, FL, 32935 uses $57,979 cash to close to unlock $5,549/yr annual cash flow and $462/mo monthly cash flow. Total monthly income runs $1,623/mo, and a $856/mo payment keeps the spread at $462/mo. Purchase price stands at $174,900, and rental yield measures 11.14% with $1,623/mo rent. Return on cash invested shows 29.48% in year one, and 5% annual appreciation builds toward $48,322 over five years. Five-year ROI reaches 154.79% and total cumulative return in cash records $89,748. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,623/mo property income covering a $856/mo payment rather than investor’s personal income.
Condo
Built in 1984
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32935, Melbourne, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,824 (100%) |
| Owner Occupied HU | 11,605 (58.5%) |
| Renter Occupied HU | 6,821 (34.4%) |
| Vacant Housing Units | 1,398 ( 7.1%) |
| Median Home Value | $330,196 |
| Average Home Value | $431,874 |
Housing Distribution
Address Breakdown
Residential
19,701
Single Family
15,593
Multi-Family
4,108
Businesses
1,611
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices