Iris Plan, Palm BayPalm BayFL32908
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
Rental property for sale in Palm Bay at Iris Plan, Palm Bay, Palm Bay, FL, 32908 priced at $316,990 converts $2,224/mo rent into $120/mo cash flow after a $1,552/mo obligation. Total monthly income equals $2,224/mo, and annual cash flow totals $1,439/yr on $105,082 invested. Return on cash invested prints 21.28% in year one, and rental yield reads 8.42% against a $316,990 entry. Equity gained on principal adds $2,045/yr, while 5% annual appreciation compiles into $87,578 by year five. Five-year ROI reaches 110.76% and total cumulative return in cash sums $116,394. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,224/mo property income covering a $1,552/mo payment, not borrower’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32908, Palm Bay, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,630 (100%) |
| Owner Occupied HU | 5,009 (75.6%) |
| Renter Occupied HU | 1,232 (18.6%) |
| Vacant Housing Units | 389 ( 5.9%) |
| Median Home Value | $323,851 |
| Average Home Value | $367,915 |
Housing Distribution
Address Breakdown
Residential
6,799
Single Family
6,649
Multi-Family
150
Businesses
18
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