591 Richmond Cir SWPalm BayFL32908
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 591 Richmond Cir SW, Palm Bay, FL, 32908 offers a 10.19% rental yield on a $312,990 purchase with $2,658/mo rent. Total monthly income registers $2,658/mo, and a $1,532/mo payment leaves $581/mo available for distribution. Annual cash flow reaches $6,971/yr on $103,756 to close, and return on cash invested stands at 26.63% in year one. Equity gained on principal adds $2,020/yr while 5% annual appreciation supports $86,473 over five years. Portfolio math shows five-year ROI at 139.44% and total cumulative return in cash at $144,682. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,658/mo property income against a $1,532/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices