107 Carmelite 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 107 Carmelite Ave NW, Palm Bay, FL, 32907 priced at $249,999 pairs $3,476/mo rent with $1,817/mo cash flow after a $1,224/mo payment. Total monthly income equals $3,476/mo, and annual cash flow comes to $21,799/yr on $82,875 invested. Return on cash invested is 46.21% in year one, and rental yield stands at 16.68% on a $249,999 basis. Equity gained on principal adds $1,613/yr, and 5% annual appreciation accumulates to $69,070 by year five. Five-year ROI measures 244.52% and total cumulative return in cash reaches $202,642. For financing, Ziffy Mortgage’s DSCR program evaluates $3,476/mo property income against a $1,224/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1984
0.38 Acres lot
$N/A/sqft
No HOA
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Listed by: Scott Fader • Joseph Walter Realty, LLC
Mls Name: Space Coast AOR
Mls ID: #1018625
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