Cedar Plan, Sunrise EstatesWest 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 Cedar Plan, Sunrise Estates, West Melbourne, FL, 32904 priced at $391,990 converts $2,826/mo rent into $224/mo cash flow after a $1,919/mo obligation. Total monthly income equals $2,826/mo, and annual cash flow totals $2,691/yr on $129,945 invested. Return on cash invested prints 21.98% in year one, and rental yield reads 8.65% against a $391,990 entry. Equity gained on principal adds $2,529/yr, while 5% annual appreciation compiles into $108,300 by year five. Five-year ROI reaches 114.55% and total cumulative return in cash sums $148,857. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,826/mo property income covering a $1,919/mo payment, not borrower’s personal income.
Single Family
Built in 2025
N/A 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: N/A • Pulte Homes
Mls Name: Pulte
Mls Provider:
Mls ID: #N/A