321 Allison DrPalm 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 321 Allison Dr, Palm Bay, FL, 32908 generates $3,598/mo in rent, after a $3,274/mo payment. Total monthly income is $3,598/mo. Return on cash invested sits at 15.47% in year one, and rental yield is 6.45% on a $669,000 entry. Equity gained on principal adds $4,317/yr, while 5% annual appreciation builds toward $184,832 over five years. Five-year ROI reaches 79.61% and total cumulative return in cash sums $175,227. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,598/mo property income rather than buyer’s personal income.
Single Family
Built in 2004
0.52 Acres 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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