1412 Lucky St NWPalm BayFL32907
INVESTMENT ANALYSIS
Investment Verdict
Solid Income1412 Lucky St NW, Palm Bay, FL, 32907 in Palm Bay carries a 1.50 coverage ratio, rent of $2,287/mo is 1.50 times the $1,529/mo payment. Rental yield 8.07%. That margin gives both the investor and Ziffy Mortgage's DSCR underwriting a comfortable buffer at a $340,000 acquisition price. No U.S. credit or income documentation required. Five-year appreciation adds $93,936; total projected cumulative return: $120,635.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.1% | 6.0% |
| Monthly Cash Flow | $(152) | $450 |
City averages based on Palm Bay market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,287 |
| Total Monthly Debt Service | $2,304 |
| DSCR Ratio | 0.99x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2002
10,018 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2002
10,018 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rebecca Webb • Keller Williams Realty Brevard
Mls Name: Space Coast AOR
Mls ID: #1050640
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