142 S Harrington Rd,Parma,MI,49269

Investment Highlights

Rental property for sale in Parma at 142 S Harrington Rd, Parma, MI, 49269 generates $3,211/mo in rent and, after a $2,251/mo payment, leaves $178/mo in cash flow. Total monthly income is $3,211/mo, and annual cash flow is $2,138/yr on $152,457 invested. Return on cash invested sits at 21.31% in year one, and rental yield is 8.38% on a $459,900 entry. Equity gained on principal adds $2,968/yr, while 5% annual appreciation builds toward $127,062 over five years. Five-year ROI reaches 110.92% and total cumulative return in cash sums $169,098. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,211/mo property income rather than buyer’s personal income.