416 Pine St,Fruitport,MI,49415

Investment Highlights

Rental property for sale in Fruitport at 416 Pine St, Fruitport, MI, 49415 priced at $254,900 pairs $1,980/mo rent with $299/mo cash flow after a $1,248/mo payment. Total monthly income equals $1,980/mo, and annual cash flow comes to $3,584/yr on $84,499 invested. Return on cash invested is 24.15% in year one, and rental yield stands at 9.32% on a $254,900 basis. Equity gained on principal adds $1,645/yr, and 5% annual appreciation accumulates to $70,424 by year five. Five-year ROI measures 126.12% and total cumulative return in cash reaches $106,572. For financing, Ziffy Mortgage’s DSCR program evaluates $1,980/mo property income against a $1,248/mo payment instead of your W2s, 1099s, or Tax returns.