1698 Norwood St NEPalm 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 1698 Norwood St NE, Palm Bay, FL, 32905 with 5% annual appreciation on a $277,000 basis while $2,326/mo rent supports operations. Total monthly income totals $2,326/mo and a $1,356/mo payment preserves $353/mo for cash returns. Annual cash flow comes to $4,241/yr on $91,826 deployed, and return on cash invested reaches 24.53% in year one. Equity gained on principal adds $1,787/yr, and five-year appreciation sums $76,530 alongside rental yield of 10.08%. Five-year ROI measures 128.86% and total cumulative return in cash totals $118,323.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,326/mo property income versus a $1,356/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1984
8,712 sqft lot
$N/A/sqft
No 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: Neel Sheth • Central FL Realty Managemt
Mls Name: Space Coast AOR
Mls ID: #1026145
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.