277 Breckenridge Cir SEPalm BayFL32909
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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 277 Breckenridge Cir SE, Palm Bay, FL, 32909 offers a 6.79% rental yield on a $580,000 purchase with $3,284/mo rent. 35% in year one. Equity gained on principal adds $3,743/yr while 5% annual appreciation supports $160,243 over five years. Portfolio math shows five-year ROI at 79.36% and total cumulative return in cash at $151,437. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,284/mo property income against a $2,839/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2006
8,712 sqft lot
$N/A/sqft
$184 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32909, Palm Bay, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,975 (100%) |
| Owner Occupied HU | 14,147 (78.7%) |
| Renter Occupied HU | 2,960 (16.5%) |
| Vacant Housing Units | 868 ( 4.8%) |
| Median Home Value | $363,999 |
| Average Home Value | $405,081 |
Housing Distribution
Address Breakdown
Residential
17,931
Single Family
17,496
Multi-Family
435
Businesses
384
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Listed by: Jeffrey Perry • FLORIDA REALTY RESULTS LLC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #S5116851
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. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511