Lancia's Mandalay Plan, Noble Creek, Kendallville,Kendallville,IN,46755

Investment Highlights

Investment property for sale in Kendallville at Lancia's Mandalay Plan, Noble Creek, Kendallville, Kendallville, IN, 46755 listed at $235,100 pairs $2,260/mo rent with a $1,151/mo payment to leave $810/mo cash flow. Total monthly income runs $2,260/mo, and annual cash flow reaches $9,725/yr on $77,936 cash to close. Return on cash invested measures 32.39% in year one, and rental yield registers 11.54% at a $235,100 basis. Equity gained on principal adds $1,517/yr, and annual property appreciation at 5% supports $64,954 by year five. Five-year ROI tracks 169.76% and total cumulative return in cash totals $132,300. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,260/mo property income relative to a $1,151/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).