1067 Glencove Ave NWPalm BayFL32907
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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 1067 Glencove Ave NW, Palm Bay, FL, 32907 priced at $299,900 converts $3,269/mo rent into $1,240/mo cash flow after a $1,468/mo obligation. Total monthly income equals $3,269/mo, and annual cash flow totals $14,879/yr on $99,417 invested. Return on cash invested prints 34.88% in year one, and rental yield reads 13.08% against a $299,900 entry. Equity gained on principal adds $1,935/yr, while 5% annual appreciation compiles into $82,857 by year five. Five-year ROI reaches 183.84% and total cumulative return in cash sums $182,764. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,269/mo property income covering a $1,468/mo payment, not borrower’s personal income.
Single Family
Built in 1987
0.26 Acres lot
$N/A/sqft
No HOA
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Listed by: Jonathan Krauser • J. Edwards Real Estate
Mls Name: Space Coast AOR
Mls ID: #1022691
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