746 Geranium AvePalm 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
Rental property for sale in Palm Bay at 746 Geranium Ave, Palm Bay, FL, 32908 offers $3,217/mo rent that, after a $2,014/mo payment, leaves $486/mo cash flow. Total monthly income is $3,217/mo, and annual cash flow is $5,836/yr on $136,412 cash. Return on cash invested measures 24.19% in year one, and rental yield stands at 9.38% at a $411,500 entry. Equity gained on principal adds $2,655/yr while 5% annual appreciation compounds into $113,690 by year five. Five-year ROI records 126.4% and total cumulative return in cash reaches $172,418. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,217/mo property income versus a $2,014/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
10,018 sqft 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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Listed by: Dwayne Byrd • Arium Real Estate, LLC
Mls Name: Space Coast AOR
Mls ID: #1001165
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.