583 Empire Ave NEPalm 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 583 Empire Ave NE, Palm Bay, FL, 32907 offers a 9.71% rental yield on a $324,999 purchase with $2,630/mo rent. Total monthly income registers $2,630/mo, and a $1,591/mo payment leaves $473/mo available for distribution. Annual cash flow reaches $5,676/yr on $107,737 to close, and return on cash invested stands at 25.18% in year one. Equity gained on principal adds $2,097/yr while 5% annual appreciation supports $89,791 over five years. Portfolio math shows five-year ROI at 131.67% and total cumulative return in cash at $141,853. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,630/mo property income against a $1,591/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1984
0.31 Acres lot
$N/A/sqft
No HOA
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Listed by: Desmond Pollcok • Encore Investment Realty
Mls Name: Space Coast AOR
Mls ID: #1048355
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