Condo Investment Properties in Palm Bay, FL | Ziffy.ai
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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family

Condo Investment Properties for Sale in Palm Bay, FL

Property at 3029 Kirkland Rd NE, Palm Bay, FL
Listed for sale 2 days ago
$ 189,900
ROI
22.9ROI percentage
Cash Flow/m
Dollar sign166
  • 2 Bed
  • 2 Bath
  • 989 sft
3029 Kirkland Rd NE, Palm Bay, FL, 32905
Property at 1640 Sunny Brook Ln NE APT A209, Palm Bay, FL
Listed for sale 3 days ago
$ 119,000
ROI
31.3ROI percentage
Cash Flow/m
Dollar sign383
  • 1 Bed
  • 1 Bath
  • 658 sft
1640 Sunny Brook Ln NE APT A209, Palm Bay, FL, 32905
Property at 3121 Kirkland Rd NE, Palm Bay, FL
$ 200,000
ROI
26.5ROI percentage
Cash Flow/m
Dollar sign373
  • 2 Bed
  • 2 Bath
  • 1060 sft
3121 Kirkland Rd NE, Palm Bay, FL, 32905
Property at 3225 Kirkland Rd NE, Palm Bay, FL
$ 227,000
ROI
21.8ROI percentage
Cash Flow/m
Dollar sign130
  • 2 Bed
  • 2 Bath
  • 1195 sft
3225 Kirkland Rd NE, Palm Bay, FL, 32905

Why Invest in Palm Bay, Florida?

Palm Bay, FL condo investments offer opportunities in a cooling market with increasing inventory. Stable rental demand supports yields around 6-7% amid softening prices. Investor metrics show cap rates near 7%, average rents at $1,600 monthly. Appreciation has moderated to 2% annually, with high renter occupancy at 38%. Cash flow potential remains positive for long-term holders.

8.5%
Avg. ROI
6.8%
Rental Yield
7.2%
Cap Rate
$450/mo
Avg. Cash Flow
$1600/mo
Avg. Rent
2.1%
1Y Appreciation

Frequently Asked Questions

Yes, with cooling prices and stable rents, condos offer solid cap rates around 7%. Increasing inventory provides entry points for cash flow. Renter demand remains high at 38% occupancy.

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