508 Almond Ave NWPalm BayFL32907
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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
Rental property for sale in Palm Bay at 508 Almond Ave NW, Palm Bay, FL, 32907 priced at $300,000 pairs $3,982/mo rent with $1,992/mo cash flow after a $1,468/mo payment. Total monthly income equals $3,982/mo, and annual cash flow comes to $23,898/yr on $99,450 invested. Return on cash invested is 43.94% in year one, and rental yield stands at 15.93% on a $300,000 basis. Equity gained on principal adds $1,936/yr, and 5% annual appreciation accumulates to $82,884 by year five. Five-year ROI measures 232.3% and total cumulative return in cash reaches $231,024. For financing, Ziffy Mortgage’s DSCR program evaluates $3,982/mo property income against a $1,468/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1980
0.30 Acres lot
$N/A/sqft
No HOA
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Listed by: Mark Craig Richardson Jr. • HomeSmart Coastal Realty
Mls Name: Space Coast AOR
Mls ID: #1017351
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