915 Elmont St NW,Palm Bay,FL,32907

Investment Highlights

Rental property for sale in Palm Bay at 915 Elmont St NW, Palm Bay, FL, 32907 offers $2,315/mo rent that, after a $1,468/mo payment, leaves $325/mo cash flow. Total monthly income is $2,315/mo, and annual cash flow is $3,894/yr on $99,450 cash. Return on cash invested measures 23.82% in year one, and rental yield stands at 9.26% at a $300,000 entry. Equity gained on principal adds $1,936/yr while 5% annual appreciation compounds into $82,884 by year five. Five-year ROI records 124.45% and total cumulative return in cash reaches $123,768. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,315/mo property income versus a $1,468/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.