398 Gamrott StPalm 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 398 Gamrott St, Palm Bay, FL, 32908 priced at $448,500 converts $3,217/mo rent into $241/mo cash flow after a $2,195/mo obligation. Total monthly income equals $3,217/mo, and annual cash flow totals $2,890/yr on $148,678 invested. Return on cash invested prints 21.85% in year one, and rental yield reads 8.61% against a $448,500 entry. Equity gained on principal adds $2,894/yr, while 5% annual appreciation compiles into $123,912 by year five. Five-year ROI reaches 113.85% and total cumulative return in cash sums $169,275. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,217/mo property income covering a $2,195/mo payment, not borrower’s personal income.
Single Family
Built in 2025
0.27 Acres 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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