898 Andrew St 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 898 Andrew St SE, Palm Bay, FL, 32909 priced at $414,900 converts $2,917/mo rent into $163/mo cash flow after a $2,031/mo obligation. Total monthly income equals $2,917/mo, and annual cash flow totals $1,961/yr on $137,539 invested. Return on cash invested prints 21.33% in year one, and rental yield reads 8.44% against a $414,900 entry. Equity gained on principal adds $2,677/yr, while 5% annual appreciation compiles into $114,629 by year five. Five-year ROI reaches 111.09% and total cumulative return in cash sums $152,786. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,917/mo property income covering a $2,031/mo payment, not borrower’s personal income.
Single Family
Built in 2020
10,454 sqft lot
$N/A/sqft
No 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: Cheryl L Smith • Cheryl Smith Realty, Inc
Mls Name: Space Coast AOR
Mls ID: #1034526
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.