Subject-To
Sub-To Deal · Single Family, Melbourne, FL · Motivated Seller
6767 N Wickham Rd, Melbourne, FL · Listed Jan 2025
The seller hasn’t added photos yet
Property typeMultifamily
Units4
Beds / baths7 / 3
Living area1,934 sqft
Lot0.14 acres
Year built1972
About this deal
Subject-to existing financing on a 3-bed, 2.0-bath single-family home in Melbourne, FL. Take over the existing mortgage payments and acquire the deed for $165,000. Seller is motivated; equity in the property from day one. Sub-to due diligence package available on request.
The numbers
- Cap rate
- 10.7%
- Net operating income
- $15,984/yr
- Cash flow
- +$1,332/mo
- Occupancy
- 3 of 4 units
Figures are provided by the seller and haven’t been verified by ListDeed. Do your own due diligence.