591 Hugo Dr SEPalm BayFL32909
Nearby investment properties with comparable rents
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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 591 Hugo Dr SE, Palm Bay, FL, 32909 priced at $390,251 converts $2,815/mo rent into $225/mo cash flow after a $1,910/mo obligation. Total monthly income equals $2,815/mo, and annual cash flow totals $2,704/yr on $129,368 invested. Return on cash invested prints 22% in year one, and rental yield reads 8.66% against a $390,251 entry. Equity gained on principal adds $2,518/yr, while 5% annual appreciation compiles into $107,819 by year five. Five-year ROI reaches 114.65% and total cumulative return in cash sums $148,323. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,815/mo property income covering a $1,910/mo payment, not borrower’s personal income.
Single Family
Built in 2026
N/A lot
$N/A/sqft
No 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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