8206 Millbrook AveMelbourneFL32940
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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 Melbourne at 8206 Millbrook Ave, Melbourne, FL, 32940 priced at $949,000 converts $5,364/mo rent into after a $4,645/mo obligation. Total monthly income equals $5,364/mo. Return on cash invested prints 15.54% in year one, and rental yield reads 6.78% against a $949,000 entry. Equity gained on principal adds $6,124/yr, while 5% annual appreciation compiles into $262,191 by year five. Five-year ROI reaches 80.32% and total cumulative return in cash sums $250,776. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,364/mo property income covering a $4,645/mo payment, not borrower’s personal income.
Single Family
Built in 2022
9,583 sqft lot
$N/A/sqft
$725 quarterly 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: Jeffrey Callahan • Equity Central Florida RE. LLC
Mls Name: Space Coast AOR
Mls ID: #1046412
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.