1429 Gray St 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
Rental property for sale in Palm Bay at 1429 Gray St SE, Palm Bay, FL, 32909 priced at $339,379 pairs $2,663/mo rent with $411/mo cash flow after a $1,661/mo payment. Total monthly income equals $2,663/mo, and annual cash flow comes to $4,931/yr on $112,504 invested. Return on cash invested is 24.29% in year one, and rental yield stands at 9.42% on a $339,379 basis. Equity gained on principal adds $2,190/yr, and 5% annual appreciation accumulates to $93,764 by year five. Five-year ROI measures 126.93% and total cumulative return in cash reaches $142,803. For financing, Ziffy Mortgage’s DSCR program evaluates $2,663/mo property income against a $1,661/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2025
10,018 sqft lot
$N/A/sqft
No 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: Jennifer Richelle Smart • Lennar Realty, Inc.
Mls Name: Space Coast AOR
Mls ID: #1040299
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.