109 W Leigh St,Homer,MI,49245

Investment Highlights

Investment property for sale in Homer at 109 W Leigh St, Homer, MI, 49245 listed at $110,000 pairs $1,892/mo rent with a $538/mo payment to leave $1,167/mo cash flow. Total monthly income runs $1,892/mo, and annual cash flow reaches $14,004/yr on $36,465 cash to close. Return on cash invested measures 58.31% in year one, and rental yield registers 20.64% at a $110,000 basis. Equity gained on principal adds $710/yr, and annual property appreciation at 5% supports $30,391 by year five. Five-year ROI tracks 309.3% and total cumulative return in cash totals $112,788. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,892/mo property income relative to a $538/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).