130 Carmelite Ave 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
Investment property for sale in Palm Bay at 130 Carmelite Ave NW, Palm Bay, FL, 32907 offers a 8.39% rental yield on a $349,990 purchase with $2,447/mo rent. Total monthly income registers $2,447/mo, and a $1,713/mo payment leaves $124/mo available for distribution. Annual cash flow reaches $1,493/yr on $116,022 to close, and return on cash invested stands at 21.2% in year one. Equity gained on principal adds $2,258/yr while 5% annual appreciation supports $96,696 over five years. Portfolio math shows five-year ROI at 110.35% and total cumulative return in cash at $128,027. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,447/mo property income against a $1,713/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
10,018 sqft lot
$N/A/sqft
No HOA
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Listed by: Ann Richter • INB Realty LLC
Mls Name: Space Coast AOR
Mls ID: #1040467
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