212 Nemo Cir 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 212 Nemo Cir NE, Palm Bay, FL, 32907 priced at $500,000 converts $3,482/mo rent into $129/mo cash flow after a $2,447/mo obligation. Total monthly income equals $3,482/mo, and annual cash flow totals $1,550/yr on $165,750 invested. Return on cash invested prints 20.84% in year one, and rental yield reads 8.36% against a $500,000 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation compiles into $138,141 by year five. Five-year ROI reaches 108.56% and total cumulative return in cash sums $179,936. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,482/mo property income covering a $2,447/mo payment, not borrower’s personal income.
Single Family
Built in 1994
0.37 Acres lot
$N/A/sqft
No HOA
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Listed by: Steven Koleno • Beycome of Florida LLC
Mls Name: Space Coast AOR
Mls ID: #1046125
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.