Ellington II Plan, Hills of Minneola,Minneola,FL,34715

Investment Highlights

Rental property for sale in Minneola at Ellington II Plan, Hills of Minneola, Minneola, FL, 34715 priced at $698,990 converts $4,979/mo rent into $341/mo cash flow after a $3,421/mo obligation. Total monthly income equals $4,979/mo, and annual cash flow totals $4,087/yr on $229,968 invested. Return on cash invested prints 21.84% in year one, and rental yield reads 8.55% against a $698,990 entry. Equity gained on principal adds $4,510/yr, while 5% annual appreciation compiles into $193,118 by year five. Five-year ROI reaches 113.74% and total cumulative return in cash sums $261,575. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,979/mo property income covering a $3,421/mo payment, not borrower’s personal income.