783 Musgrass CirWest 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 783 Musgrass Cir, West Melbourne, FL, 32904 priced at $550,000 pairs $5,190/mo rent with $1,404/mo cash flow after a $2,692/mo payment. Total monthly income equals $5,190/mo, and annual cash flow comes to $16,849/yr on $180,950 invested. Return on cash invested is 29.37% in year one, and rental yield stands at 11.32% on a $550,000 basis. Equity gained on principal adds $3,549/yr, and 5% annual appreciation accumulates to $151,955 by year five. Five-year ROI measures 154.5% and total cumulative return in cash reaches $279,562. For financing, Ziffy Mortgage’s DSCR program evaluates $5,190/mo property income against a $2,692/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2017
7,405 sqft lot
$N/A/sqft
$136 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: Jennifer Peters • REAL BROKER, LLC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #S5107254
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. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511