2101 Forest Knoll Dr NE APT 206Palm 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 2101 Forest Knoll Dr NE APT 206, Palm Bay, FL, 32905 earns from $1,042/mo rent with a $661/mo payment. Total monthly income totals $1,042/mo. ROI tracks 13.26% on current figures, and rental yield reads 9.26% at a $135,000 purchase. Equity gained on principal adds $871/yr, and 5% annual appreciation supports $37,298 over five years. Five-year ROI reaches 71.57% and total cumulative return in cash sums $32,029. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,042/mo property income instead of your personal income.
Condo
Built in 1983
2,613 sqft lot
$N/A/sqft
$394 monthly 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: Elliott C. Grozan • Denovo Realty
Mls Name: Space Coast AOR
Mls ID: #1036345
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.