Harrison Plan, Kimberly Woods,Elkhart,IA,50073

Investment Highlights

Rental property for sale in Elkhart at Harrison Plan, Kimberly Woods, Elkhart, IA, 50073 priced at $317,000 converts $2,838/mo rent into $779/mo cash flow after a $1,552/mo obligation. Total monthly income equals $2,838/mo, and annual cash flow totals $9,346/yr on $105,086 invested. Return on cash invested prints 28.8% in year one, and rental yield reads 10.74% against a $317,000 entry. Equity gained on principal adds $2,046/yr, while 5% annual appreciation compiles into $87,581 by year five. Five-year ROI reaches 150.94% and total cumulative return in cash sums $158,613. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,838/mo property income covering a $1,552/mo payment, not borrower’s personal income.