926 Caligula Ave SEPalm BayFL32909
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 926 Caligula Ave SE, Palm Bay, FL, 32909 uses $86,190 cash to close to unlock $2,354/yr annual cash flow and $196/mo monthly cash flow. Total monthly income runs $1,922/mo, and a $1,273/mo payment keeps the spread at $196/mo. Purchase price stands at $260,000, and rental yield measures 8.87% with $1,922/mo rent. Return on cash invested shows 22.64% in year one, and 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 118.13% and total cumulative return in cash records $101,813. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,922/mo property income covering a $1,273/mo payment rather than investor’s personal income.
Single Family
Built in 1983
10,018 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dee Hinkle • Waterman Real Estate, Inc.
Mls Name: Space Coast AOR
Mls ID: #1047736
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.