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$3,420 (target)

482 Newgate St NW, Palm Bay, FL 32907

3 beds • 2 baths • 2027 sqft

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This property might be a fair Mid-Term investment with a projected 1.12% first-year return on $82,638 initial cash invested.

1.12%

Cash On Cash

7.24%

Cap Rate

1.13

DSCR

$3,420

Rent

$77

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,420 income − $3,343 expenses = $77 cash flow

Income$3,420Mortgage P&I$1,64248%Property Taxes$42813%Insurance$1103%Management$41012%CapEx$1374%Vacancy$1033%Maintenance$1374%Other$37611%Cash Flow$77

Investment Breakdown

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Purchase Price

$308k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$82,638

Downpayment

20%

$61,560

Closing costs

1%

$3,078

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,420

Total Expenses

$3,343

Mortgage P&I

48%

$1,642

Property Taxes

13%

$428

Home Insurance

3%

$110

HOA

0%

$0

Property Management

12%

$410

CapEx

4%

$137

Vacancy

3%

$103

Maintenance

4%

$137

Other

11%

$376

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