857 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 857 Gillen Ave NW, Palm Bay, FL, 32907 offers $2,350/mo rent that, after a $1,224/mo payment, leaves $691/mo cash flow. Total monthly income is $2,350/mo, and annual cash flow is $8,287/yr on $82,875 cash. Return on cash invested measures 29.91% in year one, and rental yield stands at 11.28% at a $250,000 entry. Equity gained on principal adds $1,613/yr while 5% annual appreciation compounds into $69,070 by year five. Five-year ROI records 157.06% and total cumulative return in cash reaches $130,162. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,350/mo property income versus a $1,224/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1988
10,018 sqft lot
$N/A/sqft
No HOA
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Listed by: BreeAnnah L Owen • Arium Real Estate, LLC
Mls Name: Space Coast AOR
Mls ID: #1042236
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.