298 Fitchburg St SWPalm BayFL32908
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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 298 Fitchburg St SW, Palm Bay, FL, 32908 priced at $462,624 pairs $3,229/mo rent with $159/mo cash flow after a $2,264/mo payment. Total monthly income equals $3,229/mo, and annual cash flow comes to $1,911/yr on $153,360 invested. Return on cash invested is 21.16% in year one, and rental yield stands at 8.38% on a $462,624 basis. Equity gained on principal adds $2,985/yr, and 5% annual appreciation accumulates to $127,814 by year five. Five-year ROI measures 110.12% and total cumulative return in cash reaches $168,885. For financing, Ziffy Mortgage’s DSCR program evaluates $3,229/mo property income against a $2,264/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32908, Palm Bay, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,630 (100%) |
| Owner Occupied HU | 5,009 (75.6%) |
| Renter Occupied HU | 1,232 (18.6%) |
| Vacant Housing Units | 389 ( 5.9%) |
| Median Home Value | $323,851 |
| Average Home Value | $367,915 |
Housing Distribution
Address Breakdown
Residential
6,799
Single Family
6,649
Multi-Family
150
Businesses
18
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