1001 Lincoln St,Vermillion,SD,57069

Investment Highlights

Rental property for sale in Vermillion at 1001 Lincoln St, Vermillion, SD, 57069 priced at $224,000 pairs $1,885/mo rent with $470/mo cash flow after a $1,096/mo payment. Total monthly income equals $1,885/mo, and annual cash flow comes to $5,638/yr on $74,256 invested. Return on cash invested is 27.5% in year one, and rental yield stands at 10.1% on a $224,000 basis. Equity gained on principal adds $1,445/yr, and 5% annual appreciation accumulates to $61,887 by year five. Five-year ROI measures 143.72% and total cumulative return in cash reaches $106,723. For financing, Ziffy Mortgage’s DSCR program evaluates $1,885/mo property income against a $1,096/mo payment instead of your W2s, 1099s, or Tax returns.