1843 Mango 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
Rental property for sale in Palm Bay at 1843 Mango St NE, Palm Bay, FL, 32905 generates $1,597/mo in rent and, after a $1,101/mo payment, leaves $104/mo in cash flow. Total monthly income is $1,597/mo, and annual cash flow is $1,251/yr on $74,565 invested. Return on cash invested sits at 21.59% in year one, and rental yield is 8.52% on a $224,932 entry. Equity gained on principal adds $1,451/yr, while 5% annual appreciation builds toward $62,145 over five years. Five-year ROI reaches 112.49% and total cumulative return in cash sums $83,880. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,597/mo property income rather than buyer’s personal income.
Manufactured
Built in 1980
4,791 sqft lot
$N/A/sqft
$45 voluntary 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: Veronica Figueroa • EXP Realty LLC
Mls Name: Space Coast AOR
Mls ID: #1044770
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.