898 Gera Ave NW,Palm Bay,FL,32907

Investment Highlights

Investment property for sale in Palm Bay at 898 Gera Ave NW, Palm Bay, FL, 32907 listed at $398,800 pairs $2,900/mo rent with a $1,952/mo payment to leave $253/mo cash flow. Total monthly income runs $2,900/mo, and annual cash flow reaches $3,041/yr on $132,202 cash to close. Return on cash invested measures 22.21% in year one, and rental yield registers 8.73% at a $398,800 basis. Equity gained on principal adds $2,573/yr, and annual property appreciation at 5% supports $110,181 by year five. Five-year ROI tracks 115.78% and total cumulative return in cash totals $153,059. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,900/mo property income relative to a $1,952/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).