2493 Carrick Ave NWPalm BayFL32907
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
Rental property for sale in Palm Bay at 2493 Carrick Ave NW, Palm Bay, FL, 32907 priced at $437,900 converts $3,245/mo rent into $293/mo cash flow after a $2,143/mo obligation. Total monthly income equals $3,245/mo, and annual cash flow totals $3,512/yr on $145,164 invested. Return on cash invested prints 22.33% in year one, and rental yield reads 8.89% against a $437,900 entry. Equity gained on principal adds $2,826/yr, while 5% annual appreciation compiles into $120,984 by year five. Five-year ROI reaches 116.55% and total cumulative return in cash sums $169,187. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,245/mo property income covering a $2,143/mo payment, not borrower’s personal income.
Single Family
Built in 2024
6,098 sqft lot
$N/A/sqft
$560 annually HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jose M. Boza • Adams Homes Realty, Inc.
Mls Name: Space Coast AOR
Mls ID: #1022796
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.