556 Hobart 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
Investment property for sale in Palm Bay at 556 Hobart Ave NW, Palm Bay, FL, 32907 uses $89,174 cash to close to unlock $3,978/yr annual cash flow and $331/mo monthly cash flow. Total monthly income runs $2,117/mo, and a $1,317/mo payment keeps the spread at $331/mo. Purchase price stands at $269,000, and rental yield measures 9.44% with $2,117/mo rent. Return on cash invested shows 24.37% in year one, and 5% annual appreciation builds toward $74,320 over five years. Five-year ROI reaches 127.37% and total cumulative return in cash records $113,579. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,117/mo property income covering a $1,317/mo payment rather than investor’s personal income.
Single Family
Built in 1988
10,454 sqft lot
$N/A/sqft
No HOA
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Listed by: Thomas Englert • RE/MAX Elite
Mls Name: Space Coast AOR
Mls ID: #1032359
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