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$4,098 (target)

196 Nemo Cir NE, Palm Bay, FL 32907

3 beds • 2 baths • 1969 sqft

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This property might be a fair Mid-Term investment with a projected 2.62% first-year return on $108k initial cash invested.

2.62%

Cash On Cash

7.11%

Cap Rate

1.19

DSCR

$4,098

Rent

$236

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,098 income − $3,862 expenses = $236 cash flow

Income$4,098Mortgage P&I$2,13752%Property Taxes$1774%Insurance$1544%Management$49212%CapEx$1644%Vacancy$1233%Maintenance$1644%Other$45111%Cash Flow$236

Investment Breakdown

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Purchase Price

$428k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$108k

Downpayment

20%

$85,640

Closing costs

1%

$4,282

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,098

Total Expenses

$3,862

Mortgage P&I

52%

$2,137

Property Taxes

4%

$177

Home Insurance

4%

$154

HOA

0%

$0

Property Management

12%

$492

CapEx

4%

$164

Vacancy

3%

$123

Maintenance

4%

$164

Other

11%

$451

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