Hoover Plan, Kimberly Woods,Elkhart,IA,50073

Investment Highlights

Investment property for sale in Elkhart at Hoover Plan, Kimberly Woods, Elkhart, IA, 50073 listed at $300,500 pairs $2,400/mo rent with a $1,471/mo payment to leave $448/mo cash flow. Total monthly income runs $2,400/mo, and annual cash flow reaches $5,378/yr on $99,616 cash to close. Return on cash invested measures 25.31% in year one, and rental yield registers 9.58% at a $300,500 basis. Equity gained on principal adds $1,939/yr, and annual property appreciation at 5% supports $83,023 by year five. Five-year ROI tracks 132.23% and total cumulative return in cash totals $131,725. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,400/mo property income relative to a $1,471/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).