64 Griffith St APT 1,Saugatuck,MI,49453

Investment Highlights

Rental property for sale in Saugatuck at 64 Griffith St APT 1, Saugatuck, MI, 49453 priced at $515,000 pairs $3,000/mo rent with after a $2,521/mo payment. Total monthly income equals $3,000/mo. Return on cash invested is 15.17% in year one, and rental yield stands at 6.99% on a $515,000 basis. Equity gained on principal adds $3,323/yr, and 5% annual appreciation accumulates to $142,285 by year five. Five-year ROI measures 78.7% and total cumulative return in cash reaches $133,345. For financing, Ziffy Mortgage’s DSCR program evaluates $3,000/mo property income against a $2,521/mo payment instead of your W2s, 1099s, or Tax returns.