530 Prelude St 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 530 Prelude St NW, Palm Bay, FL, 32907 offers $2,912/mo rent that, after a $1,919/mo payment, leaves $190/mo cash flow. Total monthly income is $2,912/mo, and annual cash flow is $2,277/yr on $129,948 cash. Return on cash invested measures 21.66% in year one, and rental yield stands at 8.91% at a $392,000 entry. Equity gained on principal adds $2,530/yr while 5% annual appreciation compounds into $108,302 by year five. Five-year ROI records 113.23% and total cumulative return in cash reaches $147,144. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,912/mo property income versus a $1,919/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1983
10,018 sqft lot
$N/A/sqft
No HOA
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Listed by: Rena LeAnn Smith • Roost Real Estate Co.
Mls Name: Space Coast AOR
Mls ID: #1034863
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