949 Banks 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 949 Banks St NW, Palm Bay, FL, 32907 listed at $299,999 pairs $2,521/mo rent with a $1,468/mo payment to leave $418/mo cash flow. Total monthly income runs $2,521/mo, and annual cash flow reaches $5,013/yr on $99,450 cash to close. Return on cash invested measures 24.95% in year one, and rental yield registers 10.08% at a $299,999 basis. Equity gained on principal adds $1,936/yr, and annual property appreciation at 5% supports $82,884 by year five. Five-year ROI tracks 130.96% and total cumulative return in cash totals $130,236. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,521/mo property income relative to a $1,468/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1984
10,454 sqft lot
$N/A/sqft
No HOA
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Listed by: Lykim Wengert • RE/MAX Elite
Mls Name: Space Coast AOR
Mls ID: #1030512
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