16430 Park Lake Rd. #164 Plan, Oak Island Village,East Lansing,MI,48823

Investment Highlights

Investment property for sale in East Lansing at 16430 Park Lake Rd. #164 Plan, Oak Island Village, East Lansing, MI, 48823 listed at $126,995 pairs $2,280/mo rent with a $622/mo payment to leave $1,442/mo cash flow. Total monthly income runs $2,280/mo, and annual cash flow reaches $17,305/yr on $42,099 cash to close. Return on cash invested measures 61.02% in year one, and rental yield registers 21.54% at a $126,995 basis. Equity gained on principal adds $819/yr, and annual property appreciation at 5% supports $35,086 by year five. Five-year ROI tracks 323.91% and total cumulative return in cash totals $136,363. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,280/mo property income relative to a $622/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).