1331 Athens Dr NEPalm 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 1331 Athens Dr NE, Palm Bay, FL, 32907 offers a 11.69% rental yield on a $245,000 purchase with $2,386/mo rent. Total monthly income registers $2,386/mo, and a $1,199/mo payment leaves $516/mo available for distribution. Annual cash flow reaches $6,188/yr on $81,218 to close, and return on cash invested stands at 27.53% in year one. Equity gained on principal adds $1,581/yr while 5% annual appreciation supports $67,689 over five years. Portfolio math shows five-year ROI at 145.61% and total cumulative return in cash at $118,260. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,386/mo property income against a $1,199/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1987
10,454 sqft lot
$N/A/sqft
No HOA
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Listed by: Bonnie Jacobsen • Coastal Realty Connection
Mls Name: Space Coast AOR
Mls ID: #1055965
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