996 S Wickham RdWest 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 996 S Wickham Rd, West Melbourne, FL, 32904 offers $2,769/mo rent that, after a $3,421/mo payment. Total monthly income is $2,769/mo. Return on cash invested measures 9.76% in year one, and rental yield stands at 4.75% at a $699,000 entry. Equity gained on principal adds $4,511/yr while 5% annual appreciation compounds into $193,121 by year five. Five-year ROI records 49.19% and total cumulative return in cash reaches $113,114. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,769/mo property income versus a $3,421/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
0.66 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
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Listed by: Amy M Kalman • Compass Florida, LLC
Mls Name: Space Coast AOR
Mls ID: #1047115
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.