2971 Indian River Dr 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
Rental property for sale in Palm Bay at 2971 Indian River Dr NE, Palm Bay, FL, 32905 priced at $139,900 pairs $1,073/mo rent with $144/mo cash flow after a $685/mo payment. Total monthly income equals $1,073/mo, and annual cash flow comes to $1,732/yr on $46,377 invested. Return on cash invested is 23.64% in year one, and rental yield stands at 9.2% on a $139,900 basis. Equity gained on principal adds $903/yr, and 5% annual appreciation accumulates to $38,652 by year five. Five-year ROI measures 123.53% and total cumulative return in cash reaches $57,291. For financing, Ziffy Mortgage’s DSCR program evaluates $1,073/mo property income against a $685/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1968
9,147 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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