3230 Ideal Ave 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
Investment property for sale in Palm Bay at 3230 Ideal Ave NE, Palm Bay, FL, 32905 uses $86,356 cash to close to unlock $17,610/yr annual cash flow and $1,468/mo monthly cash flow. Total monthly income runs $3,290/mo, and a $1,275/mo payment keeps the spread at $1,468/mo. Purchase price stands at $260,500, and rental yield measures 15.16% with $3,290/mo rent. Return on cash invested shows 40.3% in year one, and 5% annual appreciation builds toward $71,971 over five years. Five-year ROI reaches 213.27% and total cumulative return in cash records $184,170. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,290/mo property income covering a $1,275/mo payment rather than investor’s personal income.
Single Family
Built in 1972
N/A 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: Keynisha Norman • TRAVERS MIRAN REALTY
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #F10436610
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2024 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.