500 Hamy St 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 500 Hamy St SW, Palm Bay, FL, 32908 with 5% annual appreciation on a $366,985 basis while $3,991/mo rent supports operations. Total monthly income totals $3,991/mo and a $1,796/mo payment preserves $1,556/mo for cash returns. Annual cash flow comes to $18,670/yr on $121,656 deployed, and return on cash invested reaches 35.26% in year one. Equity gained on principal adds $2,368/yr, and five-year appreciation sums $101,391 alongside rental yield of 13.05%. Five-year ROI measures 185.72% and total cumulative return in cash totals $225,942.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,991/mo property income versus a $1,796/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2024
10,454 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: Elizabeth Boley • D.R.Horton Realty of Melbourne
Mls Name: Space Coast AOR
Mls ID: #1020370
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.