2221 Spring Creek Cir NEPalm BayFL32905
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2221 Spring Creek Cir NE, Palm Bay, FL, 32905 generates $2,855/mo in rent and, after a $1,835/mo payment, leaves $367/mo in cash flow. Total monthly income is $2,855/mo, and annual cash flow is $4,402/yr on $124,313 invested. Return on cash invested sits at 23.45% in year one, and rental yield is 9.14% on a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 122.4% and total cumulative return in cash sums $152,163. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,855/mo property income rather than buyer’s personal income.
Single Family
Built in 2003
6,098 sqft lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices