2870 Glassner Ave 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 2870 Glassner Ave NE, Palm Bay, FL, 32905 earns $395/mo cash flow from $1,755/mo rent with a $1,003/mo payment. Total monthly income totals $1,755/mo, and annual cash flow totals $4,742/yr on $67,924 capital. ROI tracks 26.89% on current figures, and rental yield reads 10.28% at a $204,900 purchase. Equity gained on principal adds $1,322/yr, and 5% annual appreciation supports $56,610 over five years. Five-year ROI reaches 140.92% and total cumulative return in cash sums $95,722. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,755/mo property income instead of your personal income.
Single Family
Built in 1952
0.69 Acres 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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