1371 Illinois St, Palm Bay, FL, 32907 | $1,004/mo Cash Flow

Off market

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NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Palm Bay at 1371 Illinois St, Palm Bay, FL, 32907 priced at $337,700 pairs $3,245/mo rent with $1,004/mo cash flow after a $1,653/mo payment. Total monthly income equals $3,245/mo, and annual cash flow comes to $12,046/yr on $111,948 invested. Return on cash invested is 30.67% in year one, and rental yield stands at 11.53% on a $337,700 basis. Equity gained on principal adds $2,179/yr, and 5% annual appreciation accumulates to $93,300 by year five. Five-year ROI measures 161.14% and total cumulative return in cash reaches $180,388. For financing, Ziffy Mortgage’s DSCR program evaluates $3,245/mo property income against a $1,653/mo payment instead of your W2s, 1099s, or Tax returns.

Home Type Unknown

Built in N/A

N/A lot

$N/A/sqft

No HOA