2901 Fordham Rd 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 2901 Fordham Rd NE, Palm Bay, FL, 32905 uses $49,725 cash to close to unlock $2,025/yr annual cash flow and $169/mo monthly cash flow. Total monthly income runs $1,164/mo, and a $734/mo payment keeps the spread at $169/mo. Purchase price stands at $150,000, and rental yield measures 9.31% with $1,164/mo rent. Return on cash invested shows 23.98% in year one, and 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 125.31% and total cumulative return in cash records $62,310. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,164/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1963
0.37 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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Listed by: Tatiana Valencia • ZOOM Realty Group LLC
Mls Name: Space Coast AOR
Mls ID: #1050416
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.