2362 Planter Ridge Ct SEPalm BayFL32909
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
Investment property for sale in Palm Bay at 2362 Planter Ridge Ct SE, Palm Bay, FL, 32909 earns from $2,510/mo rent with a $1,713/mo payment. Total monthly income totals $2,510/mo. ROI tracks 18.24% on current figures, and rental yield reads 8.61% at a $349,900 purchase. Equity gained on principal adds $2,258/yr, and 5% annual appreciation supports $96,671 over five years. Five-year ROI reaches 95.8% and total cumulative return in cash sums $111,114. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,510/mo property income instead of your personal income.
Single Family
Built in 2008
8,712 sqft lot
$N/A/sqft
$569 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32909, Palm Bay, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,975 (100%) |
| Owner Occupied HU | 14,147 (78.7%) |
| Renter Occupied HU | 2,960 (16.5%) |
| Vacant Housing Units | 868 ( 4.8%) |
| Median Home Value | $363,999 |
| Average Home Value | $405,081 |
Housing Distribution
Address Breakdown
Residential
17,931
Single Family
17,496
Multi-Family
435
Businesses
384
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ginger Squires • Keller Williams Realty Brevard
Mls Name: Space Coast AOR
Mls ID: #1034072
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.