720 Samuel Chase LaneWest 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 720 Samuel Chase Lane, West Melbourne, FL, 32904 at $425,900 posts ROI 14.19% with from $2,154/mo rent. Total monthly income equals $2,154/mo. Return on cash invested measures 14.19% and rental yield reads 6.07% at the current $425,900. Equity gained on principal adds $2,748/yr, and 5% annual appreciation supports $117,668 by year five. Five-year ROI prints 72.78% and total cumulative return in cash totals $102,755. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,154/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1990
10,454 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
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Listed by: Michael Knuelle • RE/MAX Elite
Mls Name: BeachesMLS
Mls ID: #RX-11120582