2130 Forest Knoll Dr NE APT 109Palm 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
Rental property for sale in Palm Bay at 2130 Forest Knoll Dr NE APT 109, Palm Bay, FL, 32905 generates $1,686/mo in rent and, after a $697/mo payment, leaves $479/mo in cash flow. Total monthly income is $1,686/mo, and annual cash flow is $5,746/yr on $47,239 invested. Return on cash invested sits at 32.07% in year one, and rental yield is 14.2% on a $142,500 entry. Equity gained on principal adds $920/yr, while 5% annual appreciation builds toward $39,370 over five years. Five-year ROI reaches 171.07% and total cumulative return in cash sums $80,811. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,686/mo property income rather than buyer’s personal income.
Condo
Built in 1983
0.70 Acres lot
$N/A/sqft
$262 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: Gregory Aime • EQUITYPRO LLC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #O6204700
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. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511