1181 Ivanhoe St 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 1181 Ivanhoe St NW, Palm Bay, FL, 32907 offers $2,802/mo rent that, after a $1,874/mo payment, leaves $261/mo cash flow. Total monthly income is $2,802/mo, and annual cash flow is $3,133/yr on $126,931 cash. Return on cash invested measures 22.38% in year one, and rental yield stands at 8.78% at a $382,900 entry. Equity gained on principal adds $2,471/yr while 5% annual appreciation compounds into $105,788 by year five. Five-year ROI records 116.7% and total cumulative return in cash reaches $148,127. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,802/mo property income versus a $1,874/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2023
10,018 sqft lot
$N/A/sqft
No HOA
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Listed by: Justin Luke • Blue Marlin Real Estate
Mls Name: Space Coast AOR
Mls ID: #978850
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