1149 Hanover Ave SWPalm BayFL32908
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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 1149 Hanover Ave SW, Palm Bay, FL, 32908 earns $1,645/mo cash flow from $4,001/mo rent with a $1,738/mo payment. Total monthly income totals $4,001/mo, and annual cash flow totals $19,737/yr on $117,682 capital. ROI tracks 36.68% on current figures, and rental yield reads 13.52% at a $354,999 purchase. Equity gained on principal adds $2,291/yr, and 5% annual appreciation supports $98,080 over five years. Five-year ROI reaches 193.36% and total cumulative return in cash sums $227,555. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,001/mo property income instead of your personal income.
Single Family
Built in 2024
10,019 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32908, Palm Bay, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,630 (100%) |
| Owner Occupied HU | 5,009 (75.6%) |
| Renter Occupied HU | 1,232 (18.6%) |
| Vacant Housing Units | 389 ( 5.9%) |
| Median Home Value | $323,851 |
| Average Home Value | $367,915 |
Housing Distribution
Address Breakdown
Residential
6,799
Single Family
6,649
Multi-Family
150
Businesses
18
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Listed by: Jose Belalcazar • BELANI MANAGEMENT, INC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #O6225777
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. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511