6814 Parker Rd,Castalia,OH,44824

Investment Highlights

Rental property for sale in Castalia at 6814 Parker Rd, Castalia, OH, 44824 priced at $159,900 pairs $1,219/mo rent with $167/mo cash flow after a $783/mo payment. Total monthly income equals $1,219/mo, and annual cash flow comes to $2,002/yr on $53,007 invested. Return on cash invested is 23.69% in year one, and rental yield stands at 9.15% on a $159,900 basis. Equity gained on principal adds $1,032/yr, and 5% annual appreciation accumulates to $44,177 by year five. Five-year ROI measures 123.64% and total cumulative return in cash reaches $65,538. For financing, Ziffy Mortgage’s DSCR program evaluates $1,219/mo property income against a $783/mo payment instead of your W2s, 1099s, or Tax returns.