905 Spring St 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 905 Spring St NW, Palm Bay, FL, 32907 uses $72,930 cash to close to unlock $3,298/yr annual cash flow and $275/mo monthly cash flow. Total monthly income runs $1,735/mo, and a $1,077/mo payment keeps the spread at $275/mo. Purchase price stands at $220,000, and rental yield measures 9.46% with $1,735/mo rent. Return on cash invested shows 24.43% in year one, and 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 127.7% and total cumulative return in cash records $93,131. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,735/mo property income covering a $1,077/mo payment rather than investor’s personal income.
Single Family
Built in 1984
0.29 Acres lot
$N/A/sqft
No HOA
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Listed by: Jesse Burlew • Relentless Real Estate Co.
Mls Name: Space Coast AOR
Mls ID: #1050349
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