2540 Chatham Way NEPalm BayFL32905
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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 2540 Chatham Way NE, Palm Bay, FL, 32905 earns $544/mo cash flow from $1,466/mo rent with a $680/mo payment. Total monthly income totals $1,466/mo, and annual cash flow totals $6,529/yr on $46,045 capital. ROI tracks 34.09% on current figures, and rental yield reads 12.67% at a $138,900 purchase. Equity gained on principal adds $896/yr, and 5% annual appreciation supports $38,376 over five years. Five-year ROI reaches 179.54% and total cumulative return in cash sums $82,669. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,466/mo property income instead of your personal income.
Manufactured
Built in 1976
3,920 sqft lot
$N/A/sqft
No 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
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