389 Guinevere 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 389 Guinevere Dr, Palm Bay, FL, 32908 generates $2,237/mo in rent, after a $1,786/mo payment. Total monthly income is $2,237/mo. Return on cash invested sits at 16.15% in year one, and rental yield is 7.35% on a $365,000 entry. Equity gained on principal adds $2,355/yr, while 5% annual appreciation builds toward $100,843 over five years. Five-year ROI reaches 84% and total cumulative return in cash sums $101,635. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,237/mo property income rather than buyer’s personal income.
Single Family
Built in 2021
9,583 sqft lot
$N/A/sqft
$194 monthly 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: James Boothroyd • Weichert REALTORS Hallmark Pro
Mls Name: Space Coast AOR
Mls ID: #1047263
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.