1021 Eldron Blvd SEPalm BayFL32909
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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 Palm Bay at 1021 Eldron Blvd SE, Palm Bay, FL, 32909 generates $2,886/mo in rent and, after a $1,392/mo payment, leaves $777/mo in cash flow. Total monthly income is $2,886/mo, and annual cash flow is $9,328/yr on $94,312 invested. Return on cash invested sits at 29.8% in year one, and rental yield is 12.17% on a $284,500 entry. Equity gained on principal adds $1,836/yr, while 5% annual appreciation builds toward $78,602 over five years. Five-year ROI reaches 157.53% and total cumulative return in cash sums $148,565. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,886/mo property income rather than buyer’s personal income.
Single Family
Built in 2022
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32909, Palm Bay, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,975 (100%) |
| Owner Occupied HU | 14,147 (78.7%) |
| Renter Occupied HU | 2,960 (16.5%) |
| Vacant Housing Units | 868 ( 4.8%) |
| Median Home Value | $363,999 |
| Average Home Value | $405,081 |
Housing Distribution
Address Breakdown
Residential
17,931
Single Family
17,496
Multi-Family
435
Businesses
384
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