1356 Cobalt 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 1356 Cobalt Ave NW, Palm Bay, FL, 32907 offers a 11.05% rental yield on a $290,030 purchase with $2,670/mo rent. Total monthly income registers $2,670/mo, and a $1,420/mo payment leaves $445/mo available for distribution. Annual cash flow reaches $5,338/yr on $96,145 to close, and return on cash invested stands at 25.46% in year one. Equity gained on principal adds $1,872/yr while 5% annual appreciation supports $80,130 over five years. Portfolio math shows five-year ROI at 134.55% and total cumulative return in cash at $129,362. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,670/mo property income against a $1,420/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
5,227 sqft lot
$N/A/sqft
$300 monthly HOA
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Listed by: Jennifer Richelle Smart • Lennar Realty, Inc.
Mls Name: Space Coast AOR
Mls ID: #1032132
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.