215 Olin Rd SWPalm BayFL32908
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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 215 Olin Rd SW, Palm Bay, FL, 32908 uses $115,992 cash to close to unlock $79/yr annual cash flow and $7/mo monthly cash flow. Total monthly income runs $2,329/mo, and a $1,713/mo payment keeps the spread at $7/mo. Purchase price stands at $349,900, and rental yield measures 7.99% with $2,329/mo rent. Return on cash invested shows 19.98% in year one, and 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 103.81% and total cumulative return in cash records $120,414. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,329/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in 2020
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32908, Palm Bay, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,630 (100%) |
| Owner Occupied HU | 5,009 (75.6%) |
| Renter Occupied HU | 1,232 (18.6%) |
| Vacant Housing Units | 389 ( 5.9%) |
| Median Home Value | $323,851 |
| Average Home Value | $367,915 |
Housing Distribution
Address Breakdown
Residential
6,799
Single Family
6,649
Multi-Family
150
Businesses
18
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