2106 Cerulean Dr NWPalm 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 2106 Cerulean Dr NW, Palm Bay, FL, 32907 priced at $270,000 converts $3,696/mo rent into $1,604/mo cash flow after a $1,322/mo obligation. Total monthly income equals $3,696/mo, and annual cash flow totals $19,245/yr on $89,505 invested. Return on cash invested prints 41.41% in year one, and rental yield reads 16.43% against a $270,000 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation compiles into $74,596 by year five. Five-year ROI reaches 220.19% and total cumulative return in cash sums $197,077. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,696/mo property income covering a $1,322/mo payment, not borrower’s personal income.
Single Family
Built in 2024
3,484 sqft lot
$N/A/sqft
$300 monthly HOA
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Listed by: Jennifer Richelle Smart • Lennar Realty, Inc.
Mls Name: Space Coast AOR
Mls ID: #1014467
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