Plan 3203 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 3203 Plan, Gardens at Waterstone II, Palm Bay, FL, 32909 priced at $419,990 converts $3,307/mo rent into $520/mo cash flow after a $2,056/mo obligation. Total monthly income equals $3,307/mo, and annual cash flow totals $6,234/yr on $139,227 invested. Return on cash invested prints 24.39% in year one, and rental yield reads 9.45% against a $419,990 entry. Equity gained on principal adds $2,710/yr, while 5% annual appreciation compiles into $116,035 by year five. Five-year ROI reaches 127.46% and total cumulative return in cash sums $177,460. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,307/mo property income covering a $2,056/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: 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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