219 W Main St,Homer,MI,49245

Investment Highlights

Rental property for sale in Homer at 219 W Main St, Homer, MI, 49245 priced at $149,900 converts $1,417/mo rent into $428/mo cash flow after a $734/mo obligation. Total monthly income equals $1,417/mo, and annual cash flow totals $5,138/yr on $49,692 invested. Return on cash invested prints 30.25% in year one, and rental yield reads 11.34% against a $149,900 entry. Equity gained on principal adds $967/yr, while 5% annual appreciation compiles into $41,415 by year five. Five-year ROI reaches 158.92% and total cumulative return in cash sums $78,971. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,417/mo property income covering a $734/mo payment, not borrower’s personal income.