1400 Sheafe Ave NE APT 106Palm BayFL32905
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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 1400 Sheafe Ave NE APT 106, Palm Bay, FL, 32905 earns from $1,574/mo rent with a $979/mo payment. Total monthly income totals $1,574/mo. ROI tracks 18.76% on current figures, and rental yield reads 9.44% at a $199,999 purchase. Equity gained on principal adds $1,291/yr, and 5% annual appreciation supports $55,256 over five years. Five-year ROI reaches 99.32% and total cumulative return in cash sums $65,852. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,574/mo property income instead of your personal income.
Townhouse
Built in 1983
3,484 sqft lot
$N/A/sqft
$310 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32905, Palm Bay, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,522 (100%) |
| Owner Occupied HU | 6,818 (50.4%) |
| Renter Occupied HU | 5,409 (40.0%) |
| Vacant Housing Units | 1,295 ( 9.6%) |
| Median Home Value | $250,716 |
| Average Home Value | $271,753 |
Housing Distribution
Address Breakdown
Residential
13,064
Single Family
10,740
Multi-Family
2,324
Businesses
956
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Listed by: Lia R Raschilla • Weichert REALTORS Hallmark Pro
Mls Name: Space Coast AOR
Mls ID: #1032087
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.