494 Fernandina St NW, Palm Bay, FL, 32907 | 7.35% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Palm Bay at 494 Fernandina St NW, Palm Bay, FL, 32907 priced at $395,000 converts $2,420/mo rent into after a $1,933/mo obligation. Total monthly income equals $2,420/mo. Return on cash invested prints 18.07% in year one, and rental yield reads 7.35% against a $395,000 entry. Equity gained on principal adds $2,549/yr, while 5% annual appreciation compiles into $109,131 by year five. Five-year ROI reaches 93.58% and total cumulative return in cash sums $122,538. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,420/mo property income covering a $1,933/mo payment, not borrower’s personal income.

Single Family

Built in 1995

10,000 sqft lot

$N/A/sqft

No HOA