1651 Jacobin St NW,Palm Bay,FL,32907

Investment Highlights

Rental property for sale in Palm Bay at 1651 Jacobin St NW, Palm Bay, FL, 32907 generates $1,499/mo in rent and, after a $974/mo payment, leaves $178/mo in cash flow. Total monthly income is $1,499/mo, and annual cash flow is $2,141/yr on $65,969 invested. Return on cash invested sits at 23.15% in year one, and rental yield is 9.04% on a $199,000 entry. Equity gained on principal adds $1,284/yr, while 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 120.87% and total cumulative return in cash sums $79,734. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,499/mo property income rather than buyer’s personal income.