3190 Tobias Rd,Elmira,MI,49730

Investment Highlights

Investment property for sale in Elmira at 3190 Tobias Rd, Elmira, MI, 49730 offers a 23.63% rental yield on a $199,900 purchase with $3,937/mo rent. Total monthly income registers $3,937/mo, and a $978/mo payment leaves $2,619/mo available for distribution. Annual cash flow reaches $31,430/yr on $66,267 to close, and return on cash invested stands at 67.34% in year one. Equity gained on principal adds $1,290/yr while 5% annual appreciation supports $55,229 over five years. Portfolio math shows five-year ROI at 357.77% and total cumulative return in cash at $237,085. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,937/mo property income against a $978/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.