6024 Newbury CirMelbourneFL32940
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 Melbourne at 6024 Newbury Cir, Melbourne, FL, 32940 priced at $485,000 converts $3,390/mo rent into $118/mo cash flow after a $2,374/mo obligation. Total monthly income equals $3,390/mo, and annual cash flow totals $1,410/yr on $160,778 invested. Return on cash invested prints 20.79% in year one, and rental yield reads 8.39% against a $485,000 entry. Equity gained on principal adds $3,130/yr, while 5% annual appreciation compiles into $133,997 by year five. Five-year ROI reaches 108.29% and total cumulative return in cash sums $174,098. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,390/mo property income covering a $2,374/mo payment, not borrower’s personal income.
Single Family
Built in 2000
0.26 Acres lot
$N/A/sqft
$645 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32940, Melbourne, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,025 (100%) |
| Owner Occupied HU | 18,755 (74.9%) |
| Renter Occupied HU | 4,298 (17.2%) |
| Vacant Housing Units | 1,972 ( 7.9%) |
| Median Home Value | $509,701 |
| Average Home Value | $561,457 |
Housing Distribution
Address Breakdown
Residential
23,879
Single Family
20,450
Multi-Family
3,429
Businesses
1,249
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Steve Vitani • RE/MAX Elite
Mls Name: Space Coast AOR
Mls ID: #1043454
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.