581 Topeka Rd SWPalm BayFL32908
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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 581 Topeka Rd SW, Palm Bay, FL, 32908 uses $117,678 cash to close to unlock $2,049/yr annual cash flow and $171/mo monthly cash flow. Total monthly income runs $2,526/mo, and a $1,737/mo payment keeps the spread at $171/mo. Purchase price stands at $354,985, and rental yield measures 8.54% with $2,526/mo rent. Return on cash invested shows 21.65% in year one, and 5% annual appreciation builds toward $98,076 over five years. Five-year ROI reaches 112.77% and total cumulative return in cash records $132,703. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,526/mo property income covering a $1,737/mo payment rather than investor’s personal income.
Single Family
Built in 2025
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32908, Palm Bay, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,630 (100%) |
| Owner Occupied HU | 5,009 (75.6%) |
| Renter Occupied HU | 1,232 (18.6%) |
| Vacant Housing Units | 389 ( 5.9%) |
| Median Home Value | $323,851 |
| Average Home Value | $367,915 |
Housing Distribution
Address Breakdown
Residential
6,799
Single Family
6,649
Multi-Family
150
Businesses
18
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Listed by: Elizabeth Boley • D.R.Horton Realty of Melbourne
Mls Name: Space Coast AOR
Mls ID: #1044712
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.