2480 Emerson Drive SEPalm 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
Rental property for sale in Palm Bay at 2480 Emerson Drive SE, Palm Bay, FL, 32909 generates $1,805/mo in rent, after a $1,370/mo payment. Total monthly income is $1,805/mo. Return on cash invested sits at 19.08% in year one, and rental yield is 7.74% on a $279,900 entry. Equity gained on principal adds $1,806/yr, while 5% annual appreciation builds toward $77,331 over five years. Five-year ROI reaches 99.03% and total cumulative return in cash sums $91,885. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,805/mo property income rather than buyer’s personal income.
Single Family
Built in 1980
10,019 sqft 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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Listed by: Dwayne Byrd • Arium Real Estate, LLC
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11103983
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2025 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.