9002 Brighton Ct #2EWest 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
Rental property for sale in West Melbourne at 9002 Brighton Ct #2E, West Melbourne, FL, 32904 generates $1,411/mo in rent and, after a $871/mo payment, leaves $230/mo in cash flow. Total monthly income is $1,411/mo, and annual cash flow is $2,760/yr on $59,007 invested. Return on cash invested sits at 24.59% in year one, and rental yield is 9.51% on a $178,000 entry. Equity gained on principal adds $1,149/yr, while 5% annual appreciation builds toward $49,178 over five years. Five-year ROI reaches 128.47% and total cumulative return in cash sums $75,805. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,411/mo property income rather than buyer’s personal income.
Condo
Built in 1981
4,356 sqft 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: Bradley Griffin • Engel&Voelkers Melb Beachside
Mls Name: Space Coast AOR
Mls ID: #1067630