2451 Okalani StPalm ShoresFL32940
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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 Shores at 2451 Okalani St, Palm Shores, FL, 32940 priced at $485,000 converts $4,265/mo rent into $1,046/mo cash flow after a $2,374/mo obligation. Total monthly income equals $4,265/mo, and annual cash flow totals $12,555/yr on $160,778 invested. Return on cash invested prints 27.72% in year one, and rental yield reads 10.55% against a $485,000 entry. Equity gained on principal adds $3,130/yr, while 5% annual appreciation compiles into $133,997 by year five. Five-year ROI reaches 145.32% and total cumulative return in cash sums $233,642. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,265/mo property income covering a $2,374/mo payment, not borrower’s personal income.
Single Family
Built in 2013
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32940, Melbourne, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,025 (100%) |
| Owner Occupied HU | 18,755 (74.9%) |
| Renter Occupied HU | 4,298 (17.2%) |
| Vacant Housing Units | 1,972 ( 7.9%) |
| Median Home Value | $509,701 |
| Average Home Value | $561,457 |
Housing Distribution
Address Breakdown
Residential
23,879
Single Family
20,450
Multi-Family
3,429
Businesses
1,249
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Listed by: Shane Burgman • Real Broker LLC
Mls Name: Space Coast AOR
Mls ID: #1058154