499 Old Rd SWPalm 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
Investment property for sale in Palm Bay at 499 Old Rd SW, Palm Bay, FL, 32908 listed at $369,990 pairs $2,609/mo rent with a $1,811/mo payment to leave $154/mo cash flow. Total monthly income runs $2,609/mo, and annual cash flow reaches $1,843/yr on $122,652 cash to close. Return on cash invested measures 21.41% in year one, and rental yield registers 8.46% at a $369,990 basis. Equity gained on principal adds $2,387/yr, and annual property appreciation at 5% supports $102,221 by year five. Five-year ROI tracks 111.5% and total cumulative return in cash totals $136,754. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,609/mo property income relative to a $1,811/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2026
0.37 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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Listed by: Howard J. Darvin • D.R.Horton Realty of Melbourne
Mls Name: Space Coast AOR
Mls ID: #1062385
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