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2566 Spence Dr NE, Palm Bay, FL 32905

3 beds • 3 baths • 1100 sqft

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This property might be a fair Mid-Term investment with a projected 5.01% first-year return on $77,682 initial cash invested.

5.01%

Cash On Cash

7.74%

Cap Rate

1.32

DSCR

$2,952

Rent

$324

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$284k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,682

Downpayment

20%

$56,840

Closing costs

1%

$2,842

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,952

Total Expenses

$2,628

Mortgage P&I

47%

$1,390

Property Taxes

5%

$134

Home Insurance

3%

$100

HOA

0%

$0

Property Management

12%

$354

CapEx

4%

$118

Vacancy

3%

$89

Maintenance

4%

$118

Other

11%

$325

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