898 Soleway 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
Investment property for sale in Palm Bay at 898 Soleway Ave NW, Palm Bay, FL, 32907 listed at $424,990 pairs $3,077/mo rent with a $2,080/mo payment to leave $211/mo cash flow. Total monthly income runs $3,077/mo, and annual cash flow reaches $2,532/yr on $140,884 cash to close. Return on cash invested measures 21.71% in year one, and rental yield registers 8.69% at a $424,990 basis. Equity gained on principal adds $2,742/yr, and annual property appreciation at 5% supports $117,417 by year five. Five-year ROI tracks 113.2% and total cumulative return in cash totals $159,482. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,077/mo property income relative to a $2,080/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2024
6,969 sqft lot
$N/A/sqft
$550 annually HOA
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Listed by: Stephen P Wood • Mercedes Premier Realty, LLC
Mls Name: Space Coast AOR
Mls ID: #1020515
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