1612 Alpha St NEPalm BayFL32907
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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 1612 Alpha St NE, Palm Bay, FL, 32907 priced at $319,900 pairs $2,105/mo rent with after a $1,566/mo payment. Total monthly income equals $2,105/mo. Return on cash invested is 17.93% in year one, and rental yield stands at 7.9% on a $319,900 basis. Equity gained on principal adds $2,064/yr, and 5% annual appreciation accumulates to $88,382 by year five. Five-year ROI measures 93.51% and total cumulative return in cash reaches $99,164. For financing, Ziffy Mortgage’s DSCR program evaluates $2,105/mo property income against a $1,566/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1981
0.26 Acres lot
$N/A/sqft
No HOA
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Listed by: Pamela Ratfield • BHHS Florida Realty
Mls Name: Space Coast AOR
Mls ID: #1043540
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.