9002 Manchester Ln #DWest 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
Investment property for sale in West Melbourne at 9002 Manchester Ln #D, West Melbourne, FL, 32904 offers a 11.58% rental yield on a $219,000 purchase with $2,113/mo rent. Total monthly income registers $2,113/mo, and a $1,072/mo payment leaves $113/mo available for distribution. Annual cash flow reaches $1,355/yr on $72,599 to close, and return on cash invested stands at 21.77% in year one. Equity gained on principal adds $1,413/yr while 5% annual appreciation supports $60,506 over five years. Portfolio math shows five-year ROI at 116.71% and total cumulative return in cash at $84,729. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,113/mo property income against a $1,072/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1985
4,356 sqft lot
$N/A/sqft
$508 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: Misty A Morrison • Misty Morrison Real Estate
Mls Name: Space Coast AOR
Mls ID: #1035216
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.