1171 Elmont St NW,Palm Bay,FL,32907

Investment Highlights

Investment property for sale in Palm Bay at 1171 Elmont St NW, Palm Bay, FL, 32907 offers a 15.59% rental yield on a $200,000 purchase with $2,599/mo rent. Total monthly income registers $2,599/mo, and a $979/mo payment leaves $1,272/mo available for distribution. Annual cash flow reaches $15,260/yr on $66,300 to close, and return on cash invested stands at 42.93% in year one. Equity gained on principal adds $1,291/yr while 5% annual appreciation supports $55,256 over five years. Portfolio math shows five-year ROI at 226.87% and total cumulative return in cash at $150,416. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,599/mo property income against a $979/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.