601 Richmond Cir 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 601 Richmond Cir SW, Palm Bay, FL, 32908 earns $602/mo cash flow from $2,798/mo rent with a $1,620/mo payment. Total monthly income totals $2,798/mo, and annual cash flow totals $7,218/yr on $109,723 capital. ROI tracks 26.49% on current figures, and rental yield reads 10.14% at a $330,990 purchase. Equity gained on principal adds $2,136/yr, and 5% annual appreciation supports $91,446 over five years. Five-year ROI reaches 138.72% and total cumulative return in cash sums $152,205. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,798/mo property income instead of your personal income.
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
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