1044 Connolly Ln NEPalm BayFL32905
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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 Palm Bay at 1044 Connolly Ln NE, Palm Bay, FL, 32905 listed at $597,800 pairs $3,749/mo rent with a $2,926/mo payment. Total monthly income runs $3,749/mo. Return on cash invested measures 18.73% in year one, and rental yield registers 7.53% at a $597,800 basis. Equity gained on principal adds $3,858/yr, and annual property appreciation at 5% supports $165,161 by year five. Five-year ROI tracks 97.07% and total cumulative return in cash totals $190,913. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,749/mo property income relative to a $2,926/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32905, Palm Bay, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,522 (100%) |
| Owner Occupied HU | 6,818 (50.4%) |
| Renter Occupied HU | 5,409 (40.0%) |
| Vacant Housing Units | 1,295 ( 9.6%) |
| Median Home Value | $250,716 |
| Average Home Value | $271,753 |
Housing Distribution
Address Breakdown
Residential
13,064
Single Family
10,740
Multi-Family
2,324
Businesses
956
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