311 W Fulton St,Homer,MI,49245

Investment Highlights

Investment property for sale in Homer at 311 W Fulton St, Homer, MI, 49245 uses $55,990 cash to close to unlock $3,934/yr annual cash flow and $328/mo monthly cash flow. Total monthly income runs $1,442/mo, and a $827/mo payment keeps the spread at $328/mo. Purchase price stands at $168,900, and rental yield measures 10.25% with $1,442/mo rent. Return on cash invested shows 26.94% in year one, and 5% annual appreciation builds toward $46,664 over five years. Five-year ROI reaches 141.07% and total cumulative return in cash records $78,984. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,442/mo property income covering a $827/mo payment rather than investor’s personal income.