Kingston Plan, The Parkway at Woodward Oaks,Auburn,AL,36930

Investment Highlights

Rental property for sale in Auburn at Kingston Plan, The Parkway at Woodward Oaks, Auburn, AL, 36930 priced at $588,000 converts $3,928/mo rent into $609/mo cash flow after a $2,878/mo obligation. Total monthly income equals $3,928/mo, and annual cash flow totals $7,308/yr on $193,452 invested. Return on cash invested prints 23.84% in year one, and rental yield reads 8.02% against a $588,000 entry. Equity gained on principal adds $3,794/yr, while 5% annual appreciation compiles into $162,454 by year five. Five-year ROI reaches 123.14% and total cumulative return in cash sums $238,224. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,928/mo property income covering a $2,878/mo payment, not borrower’s personal income.