3291 Foresman 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 3291 Foresman Ave SE, Palm Bay, FL, 32909 priced at $298,500 pairs $3,610/mo rent with $1,520/mo cash flow after a $1,461/mo payment. Total monthly income equals $3,610/mo, and annual cash flow comes to $18,245/yr on $98,953 invested. Return on cash invested is 38.35% in year one, and rental yield stands at 14.51% on a $298,500 basis. Equity gained on principal adds $1,926/yr, and 5% annual appreciation accumulates to $82,470 by year five. Five-year ROI measures 202.8% and total cumulative return in cash reaches $200,673. For financing, Ziffy Mortgage’s DSCR program evaluates $3,610/mo property income against a $1,461/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2006
10,019 sqft 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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