Plan 1707 Modeled Plan, Gardens at Waterstone IIPalm 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 1707 Modeled Plan, Gardens at Waterstone II, Palm Bay, FL, 32909 offers $2,730/mo rent that, after a $1,537/mo payment, leaves $646/mo cash flow. Total monthly income is $2,730/mo, and annual cash flow is $7,754/yr on $104,088 cash. Return on cash invested measures 27.36% in year one, and rental yield stands at 10.43% at a $313,990 entry. Equity gained on principal adds $2,026/yr while 5% annual appreciation compounds into $86,750 by year five. Five-year ROI records 143.42% and total cumulative return in cash reaches $149,280. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,730/mo property income versus a $1,537/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
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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