774 Old Country Rd SEPalm BayFL32909
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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 774 Old Country Rd SE, Palm Bay, FL, 32909 priced at $389,950 converts $4,802/mo rent into $1,899/mo cash flow after a $1,909/mo obligation. Total monthly income equals $4,802/mo, and annual cash flow totals $22,789/yr on $129,268 invested. Return on cash invested prints 37.54% in year one, and rental yield reads 14.78% against a $389,950 entry. Equity gained on principal adds $2,516/yr, while 5% annual appreciation compiles into $107,736 by year five. Five-year ROI reaches 199.05% and total cumulative return in cash sums $257,309. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,802/mo property income covering a $1,909/mo payment, not borrower’s personal income.
Single Family
Built in 2019
0.33 Acres lot
$N/A/sqft
$700 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32909, Palm Bay, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,975 (100%) |
| Owner Occupied HU | 14,147 (78.7%) |
| Renter Occupied HU | 2,960 (16.5%) |
| Vacant Housing Units | 868 ( 4.8%) |
| Median Home Value | $363,999 |
| Average Home Value | $405,081 |
Housing Distribution
Address Breakdown
Residential
17,931
Single Family
17,496
Multi-Family
435
Businesses
384
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Listed by: Tatyana Vasilkova • REMAX Affinity Mercato
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #224027259
Disclaimer: The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS. Copyright 2024 Southwest Florida MLS. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it.