923 Glencove Ave NW,Palm Bay,FL,32907

Investment Highlights

Investment property for sale in Palm Bay at 923 Glencove Ave NW, Palm Bay, FL, 32907 listed at $278,000 pairs $1,898/mo rent with a $1,361/mo payment to leave $53/mo cash flow. Total monthly income runs $1,898/mo, and annual cash flow reaches $634/yr on $92,157 cash to close. Return on cash invested measures 20.6% in year one, and rental yield registers 8.19% at a $278,000 basis. Equity gained on principal adds $1,794/yr, and annual property appreciation at 5% supports $76,806 by year five. Five-year ROI tracks 107.1% and total cumulative return in cash totals $98,705. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,898/mo property income relative to a $1,361/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).