533 Holmes 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 533 Holmes Ave NW, Palm Bay, FL, 32907 priced at $300,000 converts $2,563/mo rent into $573/mo cash flow after a $1,468/mo obligation. Total monthly income equals $2,563/mo, and annual cash flow totals $6,870/yr on $99,450 invested. Return on cash invested prints 26.82% in year one, and rental yield reads 10.25% against a $300,000 entry. Equity gained on principal adds $1,936/yr, while 5% annual appreciation compiles into $82,884 by year five. Five-year ROI reaches 140.5% and total cumulative return in cash sums $139,728. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,563/mo property income covering a $1,468/mo payment, not borrower’s personal income.
Single Family
Built in 2006
0.25 Acres lot
$N/A/sqft
No HOA
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Listed by: Candace L Mulvaney • RE/MAX Elite
Mls Name: Space Coast AOR
Mls ID: #1051851
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.