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$2,872 (target)

1048 Newbern St NE, Palm Bay, FL 32905

3 beds • 2 baths • 1346 sqft

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This property might be a fair Mid-Term investment with a projected 0.39% first-year return on $80,790 initial cash invested.

0.39%

Cash On Cash

6.6%

Cap Rate

1.09

DSCR

$2,872

Rent

$26

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,872 income − $2,846 expenses = $26 cash flow

Income$2,872Mortgage P&I$1,50452%Property Taxes$2609%Insurance$1054%Management$34512%CapEx$1154%Vacancy$863%Maintenance$1154%Other$31611%Cash Flow$26

Investment Breakdown

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Purchase Price

$299k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,790

Downpayment

20%

$59,800

Closing costs

1%

$2,990

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,872

Total Expenses

$2,846

Mortgage P&I

52%

$1,504

Property Taxes

9%

$260

Home Insurance

4%

$105

HOA

0%

$0

Property Management

12%

$345

CapEx

4%

$115

Vacancy

3%

$86

Maintenance

4%

$115

Other

11%

$316

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