997 Hood St NW,Palm Bay,FL,32907

Investment Highlights

Investment property for sale in Palm Bay at 997 Hood St NW, Palm Bay, FL, 32907 listed at $359,000 pairs $2,743/mo rent with a $1,757/mo payment to leave $361/mo cash flow. Total monthly income runs $2,743/mo, and annual cash flow reaches $4,329/yr on $119,009 cash to close. Return on cash invested measures 23.55% in year one, and rental yield registers 9.17% at a $359,000 basis. Equity gained on principal adds $2,317/yr, and annual property appreciation at 5% supports $99,185 by year five. Five-year ROI tracks 122.93% and total cumulative return in cash totals $146,299. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,743/mo property income relative to a $1,757/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).