968 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 968 Soleway Ave NW, Palm Bay, FL, 32907 uses $130,167 cash to close to unlock $2,717/yr annual cash flow and $226/mo monthly cash flow. Total monthly income runs $2,879/mo, and a $1,922/mo payment keeps the spread at $226/mo. Purchase price stands at $392,660, and rental yield measures 8.8% with $2,879/mo rent. Return on cash invested shows 22% in year one, and 5% annual appreciation builds toward $108,485 over five years. Five-year ROI reaches 114.8% and total cumulative return in cash records $149,427. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,879/mo property income covering a $1,922/mo payment rather than investor’s personal income.
Single Family
Built in 2024
7,405 sqft lot
$N/A/sqft
$560 annually HOA
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Listed by: Jose M. Boza • Adams Homes Realty, Inc.
Mls Name: Space Coast AOR
Mls ID: #1031865
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