7667 N Wickham Rd APT 519MelbourneFL32940
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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 Melbourne at 7667 N Wickham Rd APT 519, Melbourne, FL, 32940 earns $841/mo cash flow from $2,455/mo rent with a $923/mo payment. Total monthly income totals $2,455/mo, and annual cash flow totals $10,090/yr on $62,488 capital. ROI tracks 36.06% on current figures, and rental yield reads 15.63% at a $188,500 purchase. Equity gained on principal adds $1,216/yr, and 5% annual appreciation supports $52,079 over five years. Five-year ROI reaches 192.55% and total cumulative return in cash sums $120,321. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,455/mo property income instead of your personal income.
Condo
Built in 1990
2,613 sqft lot
$N/A/sqft
$353 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: Meg Scott • RISE Realty Services
Mls Name: Space Coast AOR
Mls ID: #980635
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.