Memphis Plan, St. Johns Preserve,Palm Bay,FL,32907

Investment Highlights

Rental property for sale in Palm Bay at Memphis Plan, St. Johns Preserve, Palm Bay, FL, 32907 priced at $362,900 pairs $3,808/mo rent with $1,400/mo cash flow after a $1,776/mo payment. Total monthly income equals $3,808/mo, and annual cash flow comes to $16,799/yr on $120,301 invested. Return on cash invested is 33.87% in year one, and rental yield stands at 12.59% on a $362,900 basis. Equity gained on principal adds $2,342/yr, and 5% annual appreciation accumulates to $100,263 by year five. Five-year ROI measures 178.3% and total cumulative return in cash reaches $214,496. For financing, Ziffy Mortgage’s DSCR program evaluates $3,808/mo property income against a $1,776/mo payment instead of your W2s, 1099s, or Tax returns.