2472 Coconut Palm Dr 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
Investment property for sale in Palm Bay at 2472 Coconut Palm Dr NE, Palm Bay, FL, 32905 at $145,000 posts ROI 23.92% with $161/mo cash flow from $1,161/mo rent. Total monthly income equals $1,161/mo, and annual cash flow records $1,926/yr on $48,068 to close. Return on cash invested measures 23.92% and rental yield reads 9.61% at the current $145,000. Equity gained on principal adds $936/yr, and 5% annual appreciation supports $40,061 by year five. Five-year ROI prints 125.32% and total cumulative return in cash totals $60,236.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,161/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Manufactured
Built in 1986
4,356 sqft lot
$N/A/sqft
$45 voluntary 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
Listed by: Elena M. Manfredi • RE/MAX Elite
Mls Name: Space Coast AOR
Mls ID: #1037050
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.