473 Olsmar StPalm 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
Investment property for sale in Palm Bay at 473 Olsmar St, Palm Bay, FL, 32908 at $447,400 posts ROI 21.91% with $248/mo cash flow from $3,217/mo rent. Total monthly income equals $3,217/mo, and annual cash flow records $2,973/yr on $148,313 to close. Return on cash invested measures 21.91% and rental yield reads 8.63% at the current $447,400. Equity gained on principal adds $2,887/yr, and 5% annual appreciation supports $123,608 by year five. Five-year ROI prints 114.18% and total cumulative return in cash totals $169,349.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,217/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2024
10,018 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: Binki Kaiser • One Sotheby's International
Mls Name: Space Coast AOR
Mls ID: #1031769
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.