1569 Norman St NE, Palm Bay, FL, 32907 | $147/mo Cash Flow

For Sale

Ziffy Mortgage

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

Investment property for sale in Palm Bay at 1569 Norman St NE, Palm Bay, FL, 32907 uses $101,108 cash to close to unlock $1,761/yr annual cash flow and $147/mo monthly cash flow. Total monthly income runs $2,171/mo, and a $1,493/mo payment keeps the spread at $147/mo. Purchase price stands at $305,000, and rental yield measures 8.54% with $2,171/mo rent. Return on cash invested shows 21.65% in year one, and 5% annual appreciation builds toward $84,266 over five years. Five-year ROI reaches 112.77% and total cumulative return in cash records $114,022. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,171/mo property income covering a $1,493/mo payment rather than investor’s personal income.

Single Family

Built in 1993

10,454 sqft lot

$N/A/sqft

No HOA