743 Veridian Cir NWPalm BayFL32907
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeA DSCR of 1.50 makes 743 Veridian Cir NW, Palm Bay, FL, 32907 in Palm Bay one of the easier properties to finance via Ziffy Mortgage's rental-income underwriting. Rental yield 8.09%. The 8.09% yield, 5% annual appreciation ($131,206 over five years), and $4,374/yr in principal reduction project a total cumulative return of $150,665.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.1% | 6.0% |
| Monthly Cash Flow | $(510) | $450 |
City averages based on Palm Bay market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $3,200 |
| Total Monthly Debt Service | $3,521 |
| DSCR Ratio | 0.91x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2023
8,712 sqft lot
$N/A/sqft
$222 monthly HOA
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
Single Family
Built in 2023
8,712 sqft lot
$N/A/sqft
$222 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tara M. Rabel • Realty World Curri Properties
Mls Name: Space Coast AOR
Mls ID: #1048434
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.