3711 N Parma Rd,Parma,MI,49269

Investment Highlights

Rental property for sale in Parma at 3711 N Parma Rd, Parma, MI, 49269 priced at $329,900 pairs $2,444/mo rent with $268/mo cash flow after a $1,615/mo payment. Total monthly income equals $2,444/mo, and annual cash flow comes to $3,218/yr on $109,362 invested. Return on cash invested is 22.85% in year one, and rental yield stands at 8.89% on a $329,900 basis. Equity gained on principal adds $2,129/yr, and 5% annual appreciation accumulates to $91,145 by year five. Five-year ROI measures 119.2% and total cumulative return in cash reaches $130,359. For financing, Ziffy Mortgage’s DSCR program evaluates $2,444/mo property income against a $1,615/mo payment instead of your W2s, 1099s, or Tax returns.