238 Deer Run RdPalm BayFL32909
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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 238 Deer Run Rd, Palm Bay, FL, 32909 uses $246,750 cash to close to unlock $381/yr annual cash flow and $32/mo monthly cash flow. Total monthly income runs $5,009/mo, and a $3,671/mo payment keeps the spread at $32/mo. Purchase price stands at $750,000, and rental yield measures 8.01% with $5,009/mo rent. Return on cash invested shows 20.21% in year one, and 5% annual appreciation builds toward $207,211 over five years. Five-year ROI reaches 105.04% and total cumulative return in cash records $259,182. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,009/mo property income covering a $3,671/mo payment rather than investor’s personal income.
Single Family
Built in 2012
2.53 Acres lot
$N/A/sqft
No 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
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