684 Brockton WayWest 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
Rental property for sale in West Melbourne at 684 Brockton Way, West Melbourne, FL, 32904 priced at $349,000 converts $4,015/mo rent into $1,458/mo cash flow after a $1,708/mo obligation. Total monthly income equals $4,015/mo, and annual cash flow totals $17,498/yr on $115,694 invested. Return on cash invested prints 35.03% in year one, and rental yield reads 13.81% against a $349,000 entry. Equity gained on principal adds $2,252/yr, while 5% annual appreciation compiles into $96,422 by year five. Five-year ROI reaches 185.48% and total cumulative return in cash sums $214,584. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,015/mo property income covering a $1,708/mo payment, not borrower’s personal income.
Single Family
Built in 2004
2,613 sqft lot
$N/A/sqft
$241 monthly 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: Mary Goodwin • Compass Florida, LLC
Mls Name: Space Coast AOR
Mls ID: #1008960
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.