842 Serpens Pl NW, Palm Bay, FL, 32907 | 6.82% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
2 Bath
1535 sft

1050 Venetian Dr UNIT 105, Melbourne, FL, 32904

3 Bed
2 Bath
1770 sft

840 Port Malabar Blvd NE, Palm Bay, FL, 32905

3 Bed
2 Bath
948 sft

2861 Detached Cir SE, Palm Bay, FL, 32909

3 Bed
3 Bath
1740 sft

260 Mirage Ave SE, Palm Bay, FL, 32909

Nearby investment properties with comparable prices

4 Bed
2 Bath
1801 sft

821 Fulda Ave NW #48, Palm Bay, FL, 32907

2 Bed
2 Bath
1714 sft

1436 Criswell Ln SE, Palm Bay, FL, 32909

4 Bed
2 Bath
1590 sft

1261 Medina Ave NW, Palm Bay, FL, 32907

3 Bed
2 Bath
1463 sft

590 Entrada St SE, Palm Bay, FL, 32909

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

Explore more listings using simple english

Investment Highlights

Rental property for sale in Palm Bay at 842 Serpens Pl NW, Palm Bay, FL, 32907 priced at $411,774 pairs $2,340/mo rent with after a $2,015/mo payment. Total monthly income equals $2,340/mo. Return on cash invested is 16.46% in year one, and rental yield stands at 6.82% on a $411,774 basis. Equity gained on principal adds $2,657/yr, and 5% annual appreciation accumulates to $113,766 by year five. Five-year ROI measures 84.93% and total cumulative return in cash reaches $115,936. For financing, Ziffy Mortgage’s DSCR program evaluates $2,340/mo property income against a $2,015/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 2025

6,969 sqft lot

$N/A/sqft

No HOA