2713 Pinewood Dr NE #4Palm 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
Rental property for sale in Palm Bay at 2713 Pinewood Dr NE #4, Palm Bay, FL, 32905 priced at $108,000 converts $1,014/mo rent into after a $529/mo obligation. Total monthly income equals $1,014/mo. Return on cash invested prints -5.91% in year one, and rental yield reads 11.27% against a $108,000 entry. Equity gained on principal adds $697/yr, while 5% annual appreciation compiles into $29,838 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,014/mo property income covering a $529/mo payment, not borrower’s personal income.
Condo
Built in 1985
2,613 sqft lot
$N/A/sqft
$1,052 monthly 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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Listed by: Marielena Bates • Weichert REALTORS Hallmark Pro
Mls Name: Space Coast AOR
Mls ID: #1034800
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.