KATE II Plan, St Augustine Lakes : St Augustine Lakes 50S,Saint Augustine,FL,32084

Investment Highlights

Rental property for sale in Saint Augustine at KATE II Plan, St Augustine Lakes: St Augustine Lakes 50S, Saint Augustine, FL, 32084 priced at $377,499 converts $2,832/mo rent into $327/mo cash flow after a $1,848/mo obligation. Total monthly income equals $2,832/mo, and annual cash flow totals $3,918/yr on $125,141 invested. Return on cash invested prints 23.04% in year one, and rental yield reads 9% against a $377,499 entry. Equity gained on principal adds $2,436/yr, while 5% annual appreciation compiles into $104,296 by year five. Five-year ROI reaches 120.24% and total cumulative return in cash sums $150,463. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,832/mo property income covering a $1,848/mo payment, not borrower’s personal income.