6250 Stepladder Rd,Parma,MI,49269

Investment Highlights

Rental property for sale in Parma at 6250 Stepladder Rd, Parma, MI, 49269 generates $1,343/mo in rent and, after a $978/mo payment, leaves $25/mo in cash flow. Total monthly income is $1,343/mo, and annual cash flow is $302/yr on $66,267 invested. Return on cash invested sits at 20.36% in year one, and rental yield is 8.06% on a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 105.88% and total cumulative return in cash sums $70,165. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,343/mo property income rather than buyer’s personal income.