189 Chicory Ave 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 189 Chicory Ave NE, Palm Bay, FL, 32907 offers $2,188/mo rent that, after a $1,467/mo payment, leaves $199/mo cash flow. Total monthly income is $2,188/mo, and annual cash flow is $2,387/yr on $99,367 cash. Return on cash invested measures 22.31% in year one, and rental yield stands at 8.76% at a $299,750 entry. Equity gained on principal adds $1,934/yr while 5% annual appreciation compounds into $82,815 by year five. Five-year ROI records 116.31% and total cumulative return in cash reaches $115,577. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,188/mo property income versus a $1,467/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1980
10,018 sqft lot
$N/A/sqft
No HOA
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Listed by: Susan M Lewis • RE/MAX Elite
Mls Name: Space Coast AOR
Mls ID: #1030868
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.