2415 Scott Rd,Parma,MI,49269

Investment Highlights

Rental property for sale in Parma at 2415 Scott Rd, Parma, MI, 49269 generates $2,293/mo in rent and, after a $1,590/mo payment, leaves $151/mo in cash flow. Total monthly income is $2,293/mo, and annual cash flow is $1,808/yr on $107,704 invested. Return on cash invested sits at 21.59% in year one, and rental yield is 8.47% on a $324,900 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation builds toward $89,764 over five years. Five-year ROI reaches 112.37% and total cumulative return in cash sums $121,025. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,293/mo property income rather than buyer’s personal income.