390 Reading St 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 390 Reading St SE, Palm Bay, FL, 32909 priced at $308,990 pairs $2,292/mo rent with $242/mo cash flow after a $1,512/mo payment. Total monthly income equals $2,292/mo, and annual cash flow comes to $2,902/yr on $102,430 invested. Return on cash invested is 22.74% in year one, and rental yield stands at 8.9% on a $308,990 basis. Equity gained on principal adds $1,994/yr, and 5% annual appreciation accumulates to $85,368 by year five. Five-year ROI measures 118.61% and total cumulative return in cash reaches $121,490. For financing, Ziffy Mortgage’s DSCR program evaluates $2,292/mo property income against a $1,512/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2025
0.28 Acres 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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