1109 Pace DrPalm 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 1109 Pace Dr, Palm Bay, FL, 32907 priced at $289,900 pairs $3,390/mo rent with $1,390/mo cash flow after a $1,419/mo payment. Total monthly income equals $3,390/mo, and annual cash flow comes to $16,680/yr on $96,102 invested. Return on cash invested is 37.27% in year one, and rental yield stands at 14.03% on a $289,900 basis. Equity gained on principal adds $1,871/yr, and 5% annual appreciation accumulates to $80,094 by year five. Five-year ROI measures 196.84% and total cumulative return in cash reaches $189,165. For financing, Ziffy Mortgage’s DSCR program evaluates $3,390/mo property income against a $1,419/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1986
10,018 sqft lot
$N/A/sqft
No HOA
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Listed by: Randall Wouters • EXP Realty LLC
Mls Name: Space Coast AOR
Mls ID: #1016069
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.