551 Wedge Ct SEPalm BayFL32909
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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 551 Wedge Ct SE, Palm Bay, FL, 32909 uses $82,875 cash to close to unlock $1,135/yr annual cash flow and $95/mo monthly cash flow. Total monthly income runs $2,104/mo, and a $1,224/mo payment keeps the spread at $95/mo. Purchase price stands at $250,000, and rental yield measures 10.1% with $2,104/mo rent. Return on cash invested shows 21.28% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 112.63% and total cumulative return in cash records $93,346. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,104/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Single Family
Built in 2002
3,920 Acres lot
$N/A/sqft
$350 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32909, Palm Bay, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,975 (100%) |
| Owner Occupied HU | 14,147 (78.7%) |
| Renter Occupied HU | 2,960 (16.5%) |
| Vacant Housing Units | 868 ( 4.8%) |
| Median Home Value | $363,999 |
| Average Home Value | $405,081 |
Housing Distribution
Address Breakdown
Residential
17,931
Single Family
17,496
Multi-Family
435
Businesses
384
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Listed by: Gretza I Roman • HomeSmart Coastal Realty
Mls Name: Space Coast AOR
Mls ID: #1042062
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.