8473 Sylvan DrWest MelbourneFL32904
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 8473 Sylvan Dr, West Melbourne, FL, 32904 earns from $2,587/mo rent with a $2,423/mo payment. Total monthly income totals $2,587/mo. ROI tracks 14.8% on current figures, and rental yield reads 6.27% at a $495,000 purchase. Equity gained on principal adds $3,194/yr, and 5% annual appreciation supports $136,759 over five years. Five-year ROI reaches 76.05% and total cumulative return in cash sums $124,786. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,587/mo property income instead of your personal income.
Single Family
Built in 1962
0.89 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Davide Giuseppe Santonastaso • LIV Signature Real Estate, LLC
Mls Name: Space Coast AOR
Mls ID: #1055199