3020 Forghun Ave SEPalm BayFL32909
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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 3020 Forghun Ave SE, Palm Bay, FL, 32909 priced at $380,000 converts $2,870/mo rent into $210/mo cash flow after a $1,860/mo obligation. Total monthly income equals $2,870/mo, and annual cash flow totals $2,521/yr on $125,970 invested. Return on cash invested prints 21.91% in year one, and rental yield reads 9.06% against a $380,000 entry. Equity gained on principal adds $2,452/yr, while 5% annual appreciation compiles into $104,987 by year five. Five-year ROI reaches 114.66% and total cumulative return in cash sums $144,433. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,870/mo property income covering a $1,860/mo payment, not borrower’s personal income.
Single Family
Built in 1995
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32909, Palm Bay, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,975 (100%) |
| Owner Occupied HU | 14,147 (78.7%) |
| Renter Occupied HU | 2,960 (16.5%) |
| Vacant Housing Units | 868 ( 4.8%) |
| Median Home Value | $363,999 |
| Average Home Value | $405,081 |
Housing Distribution
Address Breakdown
Residential
17,931
Single Family
17,496
Multi-Family
435
Businesses
384
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Listed by: Daniel Cabrera • Pinnacle Realty
Mls Name: Space Coast AOR
Mls ID: #1035117
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.