861 Greenwood Manor Cir #5West 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 861 Greenwood Manor Cir #5, West Melbourne, FL, 32904 priced at $199,900 pairs $3,242/mo rent with $1,402/mo cash flow after a $978/mo payment. Total monthly income equals $3,242/mo, and annual cash flow comes to $16,822/yr on $66,267 invested. Return on cash invested is 45.29% in year one, and rental yield stands at 19.46% on a $199,900 basis. Equity gained on principal adds $1,290/yr, and 5% annual appreciation accumulates to $55,229 by year five. Five-year ROI measures 242.91% and total cumulative return in cash reaches $160,969. For financing, Ziffy Mortgage’s DSCR program evaluates $3,242/mo property income against a $978/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1989
4,356 sqft lot
$N/A/sqft
$514 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: Renee Andrea Rader • D. Basile Real Estate, LLC
Mls Name: Space Coast AOR
Mls ID: #1008287
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.