1377 Nettle SEPalm BayFL32909
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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 1377 Nettle SE, Palm Bay, FL, 32909 offers a 9.27% rental yield on a $384,435 purchase with $2,970/mo rent. Total monthly income registers $2,970/mo, and a $1,882/mo payment leaves $226/mo available for distribution. Annual cash flow reaches $2,717/yr on $127,440 to close, and return on cash invested stands at 22.04% in year one. Equity gained on principal adds $2,481/yr while 5% annual appreciation supports $106,212 over five years. Portfolio math shows five-year ROI at 115.54% and total cumulative return in cash at $147,241. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,970/mo property income against a $1,882/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
6,969 sqft lot
$N/A/sqft
$192 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32909, Palm Bay, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,975 (100%) |
| Owner Occupied HU | 14,147 (78.7%) |
| Renter Occupied HU | 2,960 (16.5%) |
| Vacant Housing Units | 868 ( 4.8%) |
| Median Home Value | $363,999 |
| Average Home Value | $405,081 |
Housing Distribution
Address Breakdown
Residential
17,931
Single Family
17,496
Multi-Family
435
Businesses
384
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Listed by: Elizabeth Boley • D.R.Horton Realty of Melbourne
Mls Name: Space Coast AOR
Mls ID: #1020363
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.