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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Multi Family Investment Properties for Sale in Palm Bay, FL
$ 134,900
ROI
28.3
Cash Flow/m
319- 1 Bed
- - Bath
- 672 sft
3318 Overlook Dr NE #61, Palm Bay, FL, 32905
$ 134,900
ROI
27.2Cash Flow/m
278- - Bed
- - Bath
- 672 sft
3316 Overlook Dr NE #62, Palm Bay, FL, 32905
$ 121,200
ROI
39.6Cash Flow/m
669- 2 Bed
- 2 Bath
- 1036 sft
4125 Pinewood Dr NE #6, Palm Bay, FL, 32905
$ 280,000
ROI
22.1Cash Flow/m
181- - Bed
- - Bath
- - sft
2020 Agora Cir SE, Palm Bay, FL, 32909
Why Invest in Palm Bay, Florida?
Investing in multifamily properties in Palm Bay offers a unique opportunity due to its affordable housing market. With a cap rate of around 6.5% and an average rental yield of 8%, investors can expect steady cash flow and appreciation potential. The city has seen a rental growth rate of 4% over the past year, making it an attractive market for real estate investment.
12%
Avg. ROI
8%
Rental Yield
6.5%
Cap Rate
$1500/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
Investing in multifamily properties in Palm Bay offers excellent rental yields and strong demand due to the local job market and population growth. With relatively low unemployment rates and increasing rental prices, investors can achieve solid returns.
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