1215 Shell Ct NEPalm BayFL32907
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeA DSCR of 1.95 makes 1215 Shell Ct NE, Palm Bay, FL, 32907 in Palm Bay one of the easier properties to finance via Ziffy Mortgage's rental-income underwriting. Rental yield 9.07%. The 9.07% yield, 5% annual appreciation ($30,115 over five years), and $1,004/yr in principal reduction project a total cumulative return of $37,605.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.1% | 6.0% |
| Monthly Cash Flow | $(216) | $450 |
City averages based on Palm Bay market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $957 |
| Total Monthly Debt Service | $996 |
| DSCR Ratio | 0.96x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Manufactured
Built in 1973
4,356 sqft lot
$N/A/sqft
$2,059 annually HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Manufactured
Built in 1973
4,356 sqft lot
$N/A/sqft
$2,059 annually HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ken Christopher VanDyck • Real Estate Direct of Florida
Mls Name: Space Coast AOR
Mls ID: #942302
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