309 Cummings Rd,Vermilion,OH,44089

Investment Highlights

Rental property for sale in Vermilion at 309 Cummings Rd, Vermilion, OH, 44089 priced at $145,000 pairs $1,118/mo rent with $164/mo cash flow after a $710/mo payment. Total monthly income equals $1,118/mo, and annual cash flow comes to $1,967/yr on $48,068 invested. Return on cash invested is 24% in year one, and rental yield stands at 9.25% on a $145,000 basis. Equity gained on principal adds $936/yr, and 5% annual appreciation accumulates to $40,061 by year five. Five-year ROI measures 125.32% and total cumulative return in cash reaches $60,236. For financing, Ziffy Mortgage’s DSCR program evaluates $1,118/mo property income against a $710/mo payment instead of your W2s, 1099s, or Tax returns.