950 Dillard Dr 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
Investment property for sale in Palm Bay at 950 Dillard Dr SE, Palm Bay, FL, 32909 uses $125,141 cash to close to unlock $3,974/yr annual cash flow and $331/mo monthly cash flow. Total monthly income runs $2,924/mo, and a $1,848/mo payment keeps the spread at $331/mo. Purchase price stands at $377,500, and rental yield measures 9.29% with $2,924/mo rent. Return on cash invested shows 23.08% in year one, and 5% annual appreciation builds toward $104,296 over five years. Five-year ROI reaches 120.78% and total cumulative return in cash records $151,148. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,924/mo property income covering a $1,848/mo payment rather than investor’s personal income.
Single Family
Built in 2016
6,969 sqft lot
$N/A/sqft
$262 quarterly 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: Shannon Bonnett • Weichert REALTORS Hallmark Pro
Mls Name: Space Coast AOR
Mls ID: #1023859
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.