1182 Eleuthera Dr NEPalm BayFL32905
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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 1182 Eleuthera Dr NE, Palm Bay, FL, 32905 priced at $300,000 pairs $2,681/mo rent with $259/mo cash flow after a $1,468/mo payment. Total monthly income equals $2,681/mo, and annual cash flow comes to $3,102/yr on $99,450 invested. Return on cash invested is 23.03% in year one, and rental yield stands at 10.72% on a $300,000 basis. Equity gained on principal adds $1,936/yr, and 5% annual appreciation accumulates to $82,884 by year five. Five-year ROI measures 122.06% and total cumulative return in cash reaches $121,392. For financing, Ziffy Mortgage’s DSCR program evaluates $2,681/mo property income against a $1,468/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2007
4,791 sqft lot
$N/A/sqft
$279 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32905, Palm Bay, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,522 (100%) |
| Owner Occupied HU | 6,818 (50.4%) |
| Renter Occupied HU | 5,409 (40.0%) |
| Vacant Housing Units | 1,295 ( 9.6%) |
| Median Home Value | $250,716 |
| Average Home Value | $271,753 |
Housing Distribution
Address Breakdown
Residential
13,064
Single Family
10,740
Multi-Family
2,324
Businesses
956
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Listed by: James Stephen Dandridge • One Sotheby's International
Mls Name: Space Coast AOR
Mls ID: #1041610
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.