10596 Morse Pl,Saint John,IN,46373

Investment Highlights

Investment property for sale in Saint John at 10596 Morse Pl, Saint John, IN, 46373 offers a 8.61% rental yield on a $344,990 purchase with $2,475/mo rent. Total monthly income registers $2,475/mo, and a $1,689/mo payment leaves $404/mo available for distribution. Annual cash flow reaches $4,844/yr on $114,364 to close, and return on cash invested stands at 24.14% in year one. Equity gained on principal adds $2,226/yr while 5% annual appreciation supports $95,314 over five years. Portfolio math shows five-year ROI at 125.32% and total cumulative return in cash at $143,317. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,475/mo property income against a $1,689/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.