3102 W State Route 60,Vermilion,OH,44089

Investment Highlights

Rental property for sale in Vermilion at 3102 W State Route 60, Vermilion, OH, 44089 generates $2,400/mo in rent and, after a $1,515/mo payment, leaves $364/mo in cash flow. Total monthly income is $2,400/mo, and annual cash flow is $4,368/yr on $102,599 invested. Return on cash invested sits at 24.17% in year one, and rental yield is 9.31% on a $309,500 entry. Equity gained on principal adds $1,997/yr, while 5% annual appreciation builds toward $85,509 over five years. Five-year ROI reaches 126.23% and total cumulative return in cash sums $129,510. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,400/mo property income rather than buyer’s personal income.