202 Shalimar Ave NW,Palm Bay,FL,32907

Investment Highlights

Rental property for sale in Palm Bay at 202 Shalimar Ave NW, Palm Bay, FL, 32907 priced at $339,900 pairs $2,665/mo rent with $409/mo cash flow after a $1,664/mo payment. Total monthly income equals $2,665/mo, and annual cash flow comes to $4,908/yr on $112,677 invested. Return on cash invested is 24.26% in year one, and rental yield stands at 9.41% on a $339,900 basis. Equity gained on principal adds $2,193/yr, and 5% annual appreciation accumulates to $93,908 by year five. Five-year ROI measures 126.83% and total cumulative return in cash reaches $142,907. For financing, Ziffy Mortgage’s DSCR program evaluates $2,665/mo property income against a $1,664/mo payment instead of your W2s, 1099s, or Tax returns.