427 Forrest Hills StreetPalm BayFL32908
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 427 Forrest Hills Street, Palm Bay, FL, 32908 priced at $479,500 converts $3,217/mo rent into $35/mo cash flow after a $2,347/mo obligation. Total monthly income equals $3,217/mo, and annual cash flow totals $418/yr on $158,954 invested. Return on cash invested prints 20.17% in year one, and rental yield reads 8.05% against a $479,500 entry. Equity gained on principal adds $3,094/yr, while 5% annual appreciation compiles into $132,477 by year five. Five-year ROI reaches 104.84% and total cumulative return in cash sums $166,648. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,217/mo property income covering a $2,347/mo payment, not borrower’s personal income.
Single Family
Built in 2024
10,019 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: Enilia Rubalcaba • Montesano Realty & Associates LLC
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11055028
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2025 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.