59229 Cary Ln,New Haven,MI,48048

Investment Highlights

Investment property for sale in New Haven at 59229 Cary Ln, New Haven, MI, 48048 offers a 9.07% rental yield on a $114,400 purchase with $865/mo rent. Total monthly income registers $865/mo, and a $560/mo payment leaves $111/mo available for distribution. Annual cash flow reaches $1,326/yr on $37,924 to close, and return on cash invested stands at 23.41% in year one. Equity gained on principal adds $738/yr while 5% annual appreciation supports $31,607 over five years. Portfolio math shows five-year ROI at 122.21% and total cumulative return in cash at $46,345. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $865/mo property income against a $560/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.