Plan 1346 Plan, Gardens at Waterstone IPalm 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
Rental property for sale in Palm Bay at Plan 1346 Plan, Gardens at Waterstone I, Palm Bay, FL, 32909 priced at $274,990 pairs $2,393/mo rent with $568/mo cash flow after a $1,346/mo payment. Total monthly income equals $2,393/mo, and annual cash flow comes to $6,817/yr on $91,159 invested. Return on cash invested is 27.39% in year one, and rental yield stands at 10.44% on a $274,990 basis. Equity gained on principal adds $1,774/yr, and 5% annual appreciation accumulates to $75,975 by year five. Five-year ROI measures 143.57% and total cumulative return in cash reaches $130,880. For financing, Ziffy Mortgage’s DSCR program evaluates $2,393/mo property income against a $1,346/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2026
N/A 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
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