Biscayne Plan, Voyageur Farms,Lakeville,MN,55044

Investment Highlights

Rental property for sale in Lakeville at Biscayne Plan, Voyageur Farms, Lakeville, MN, 55044 priced at $478,990 converts $3,286/mo rent into $295/mo cash flow after a $2,344/mo obligation. Total monthly income equals $3,286/mo, and annual cash flow totals $3,544/yr on $158,785 invested. Return on cash invested prints 22.14% in year one, and rental yield reads 8.23% against a $478,990 entry. Equity gained on principal adds $3,091/yr, while 5% annual appreciation compiles into $132,336 by year five. Five-year ROI reaches 114.89% and total cumulative return in cash sums $182,435. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,286/mo property income covering a $2,344/mo payment, not borrower’s personal income.