2741 Rhapsody St 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 2741 Rhapsody St NE, Palm Bay, FL, 32905 earns $10/mo cash flow from $2,383/mo rent with a $1,750/mo payment. Total monthly income totals $2,383/mo, and annual cash flow totals $124/yr on $118,511 capital. ROI tracks 20.01% on current figures, and rental yield reads 8% at a $357,500 purchase. Equity gained on principal adds $2,307/yr, and 5% annual appreciation supports $98,771 over five years. Five-year ROI reaches 104.01% and total cumulative return in cash sums $123,269. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,383/mo property income instead of your personal income.
Single Family
Built in 1973
7,405 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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Listed by: Cleo Wyllie • HomeSmart Coastal Realty
Mls Name: Space Coast AOR
Mls ID: #1028519
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.