3901 Dixie Hwy NE APT 103Palm 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 3901 Dixie Hwy NE APT 103, Palm Bay, FL, 32905 earns $652/mo cash flow from $3,232/mo rent with a $1,468/mo payment. Total monthly income totals $3,232/mo, and annual cash flow totals $7,820/yr on $99,417 capital. ROI tracks 27.77% on current figures, and rental yield reads 12.93% at a $299,900 purchase. Equity gained on principal adds $1,935/yr, and 5% annual appreciation supports $82,857 over five years. Five-year ROI reaches 148.19% and total cumulative return in cash sums $147,328. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,232/mo property income instead of your personal income.
Condo
Built in 1985
1 sqft lot
$N/A/sqft
$590 monthly 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: Peter Frano • REAL BROKER, LLC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #O6215179
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. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511