296 Charm Ct NEPalm BayFL32907
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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 296 Charm Ct NE, Palm Bay, FL, 32907 priced at $212,500 converts $2,120/mo rent into $219/mo cash flow after a $1,040/mo obligation. Total monthly income equals $2,120/mo, and annual cash flow totals $2,623/yr on $70,444 invested. Return on cash invested prints 23.63% in year one, and rental yield reads 11.97% against a $212,500 entry. Equity gained on principal adds $1,371/yr, while 5% annual appreciation compiles into $58,710 by year five. Five-year ROI reaches 126.44% and total cumulative return in cash sums $89,072. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,120/mo property income covering a $1,040/mo payment, not borrower’s personal income.
Manufactured
Built in 2005
7,405 sqft lot
$N/A/sqft
$2,317 annually HOA
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Listed by: Candace L Mulvaney • RE/MAX Elite
Mls Name: Space Coast AOR
Mls ID: #1023534
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