622 Cedar Side Cir NEPalm BayFL32905
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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 622 Cedar Side Cir NE, Palm Bay, FL, 32905 offers a 8.34% rental yield on a $219,990 purchase with $1,529/mo rent. Total monthly income registers $1,529/mo, and a $1,077/mo payment leaves $69/mo available for distribution. Annual cash flow reaches $826/yr on $72,927 to close, and return on cash invested stands at 21.04% in year one. Equity gained on principal adds $1,420/yr while 5% annual appreciation supports $60,779 over five years. Portfolio math shows five-year ROI at 109.52% and total cumulative return in cash at $79,868. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,529/mo property income against a $1,077/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2005
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32905, Palm Bay, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,522 (100%) |
| Owner Occupied HU | 6,818 (50.4%) |
| Renter Occupied HU | 5,409 (40.0%) |
| Vacant Housing Units | 1,295 ( 9.6%) |
| Median Home Value | $250,716 |
| Average Home Value | $271,753 |
Housing Distribution
Address Breakdown
Residential
13,064
Single Family
10,740
Multi-Family
2,324
Businesses
956
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