2995 Chipper 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 2995 Chipper Dr NE, Palm Bay, FL, 32905 offers $1,480/mo rent that, after a $1,013/mo payment. Total monthly income is $1,480/mo. Return on cash invested measures 19.73% in year one, and rental yield stands at 8.58% at a $207,000 entry. Equity gained on principal adds $1,336/yr while 5% annual appreciation compounds into $57,190 by year five. Five-year ROI records 103.21% and total cumulative return in cash reaches $70,822. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,480/mo property income versus a $1,013/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1971
10,018 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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Listed by: Barbara J Zorn • Better Homes & Gardens RE Star
Mls Name: Space Coast AOR
Mls ID: #1034468
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.