402 Durkee St,Lawton,MI,49065

Investment Highlights

Rental property for sale in Lawton at 402 Durkee St, Lawton, MI, 49065 priced at $249,900 converts $2,022/mo rent into $374/mo cash flow after a $1,223/mo obligation. Total monthly income equals $2,022/mo, and annual cash flow totals $4,490/yr on $82,842 invested. Return on cash invested prints 25.33% in year one, and rental yield reads 9.71% against a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,043 by year five. Five-year ROI reaches 132.49% and total cumulative return in cash sums $109,754. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,022/mo property income covering a $1,223/mo payment, not borrower’s personal income.