790 Gillen Ave NWPalm BayFL32907
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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 790 Gillen Ave NW, Palm Bay, FL, 32907 priced at $199,000 converts $3,614/mo rent into $2,122/mo cash flow after a $974/mo obligation. Total monthly income equals $3,614/mo, and annual cash flow totals $25,465/yr on $65,969 invested. Return on cash invested prints 58.51% in year one, and rental yield reads 21.79% against a $199,000 entry. Equity gained on principal adds $1,284/yr, while 5% annual appreciation compiles into $54,980 by year five. Five-year ROI reaches 311.61% and total cumulative return in cash sums $205,566. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,614/mo property income covering a $974/mo payment, not borrower’s personal income.
Single Family
Built in 2003
10,018 sqft lot
$N/A/sqft
No HOA
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Listed by: Marcella Raines • United Realty of Brevard, Inc.
Mls Name: Space Coast AOR
Mls ID: #1023224
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