2602 Carrick StPalm BayFL32907
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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 2602 Carrick St, Palm Bay, FL, 32907 priced at $348,560 converts $3,245/mo rent into $885/mo cash flow after a $1,706/mo obligation. Total monthly income equals $3,245/mo, and annual cash flow totals $10,623/yr on $115,548 invested. Return on cash invested prints 29.1% in year one, and rental yield reads 11.17% against a $348,560 entry. Equity gained on principal adds $2,249/yr, while 5% annual appreciation compiles into $96,301 by year five. Five-year ROI reaches 152.94% and total cumulative return in cash sums $176,718. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,245/mo property income covering a $1,706/mo payment, not borrower’s personal income.
Single Family
Built in 2024
4,791 sqft lot
$N/A/sqft
$560 annually HOA
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Listed by: Raul Del Hierro • Adams Homes Realty, Inc.
Mls Name: Space Coast AOR
Mls ID: #1028597
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