Plan 1637 Modeled Plan, Gardens at Waterstone IPalm BayFL32909
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 Plan 1637 Modeled Plan, Gardens at Waterstone I, Palm Bay, FL, 32909 generates $2,699/mo in rent and, after a $1,459/mo payment, leaves $721/mo in cash flow. Total monthly income is $2,699/mo, and annual cash flow is $8,652/yr on $98,784 invested. Return on cash invested sits at 28.67% in year one, and rental yield is 10.87% on a $297,990 entry. Equity gained on principal adds $1,923/yr, while 5% annual appreciation builds toward $82,329 over five years. Five-year ROI reaches 150.37% and total cumulative return in cash sums $148,541. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,699/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
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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