6617 Billings Rd,Castalia,OH,44824

Investment Highlights

Rental property for sale in Castalia at 6617 Billings Rd, Castalia, OH, 44824 offers $2,710/mo rent that, after a $1,233/mo payment, leaves $1,053/mo cash flow. Total monthly income is $2,710/mo, and annual cash flow is $12,634/yr on $83,538 cash. Return on cash invested measures 35.03% in year one, and rental yield stands at 12.9% at a $252,000 entry. Equity gained on principal adds $1,626/yr while 5% annual appreciation compounds into $69,623 by year five. Five-year ROI records 184.46% and total cumulative return in cash reaches $154,094. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,710/mo property income versus a $1,233/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.