338 Mott St SWPalm 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 338 Mott St SW, Palm Bay, FL, 32908 generates $2,154/mo in rent, after a $1,664/mo payment. Total monthly income is $2,154/mo. Return on cash invested sits at 18.82% in year one, and rental yield is 7.6% on a $339,999 entry. Equity gained on principal adds $2,194/yr, while 5% annual appreciation builds toward $93,935 over five years. Five-year ROI reaches 97.58% and total cumulative return in cash sums $109,986. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,154/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
10,018 sqft 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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Listed by: Jeffrey Allen DeShong • Arium Real Estate, LLC
Mls Name: Space Coast AOR
Mls ID: #1050051
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.