194 Ridgemont Cir SEPalm BayFL32909
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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 194 Ridgemont Cir SE, Palm Bay, FL, 32909 generates $3,406/mo in rent and, after a $2,469/mo payment, leaves $1/mo in cash flow. Total monthly income is $3,406/mo, and annual cash flow is $17/yr on $165,981 invested. Return on cash invested sits at 20.07% in year one, and rental yield is 8.1% on a $504,500 entry. Equity gained on principal adds $3,255/yr, while 5% annual appreciation builds toward $139,384 over five years. Five-year ROI reaches 104.42% and total cumulative return in cash sums $173,321. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,406/mo property income rather than buyer’s personal income.
Single Family
Built in 2004
0.35 Acres lot
$N/A/sqft
$683 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32909, Palm Bay, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,975 (100%) |
| Owner Occupied HU | 14,147 (78.7%) |
| Renter Occupied HU | 2,960 (16.5%) |
| Vacant Housing Units | 868 ( 4.8%) |
| Median Home Value | $363,999 |
| Average Home Value | $405,081 |
Housing Distribution
Address Breakdown
Residential
17,931
Single Family
17,496
Multi-Family
435
Businesses
384
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Listed by: Jessica Acosta • Acosta Realty of Florida Inc.
Mls Name: Space Coast AOR
Mls ID: #1045813
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.