7667 N Wickham Rd APT 1515MelbourneFL32940
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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
Total monthly income runs $1,532/mo, and a $974/mo payment. Purchase price stands at $199,000, and rental yield measures 9.24% with $1,532/mo rent. Return on cash invested shows 11.82% in year one, and 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 64.44% and total cumulative return in cash records $42,510. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,532/mo property income covering a $974/mo payment rather than investor’s personal income.
Condo
Built in 1990
3,049 sqft lot
$N/A/sqft
$591 monthly 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
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Listed by: Christine Lawhon • Keller Williams Realty Brevard
Mls Name: Space Coast AOR
Mls ID: #1056107
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