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

Investment Highlights

Rental property for sale in Kendallville at Lancia's Rockport Plan, Noble Creek, Kendallville, Kendallville, IN, 46755 priced at $214,300 converts $2,108/mo rent into $783/mo cash flow after a $1,049/mo obligation. Total monthly income equals $2,108/mo, and annual cash flow totals $9,402/yr on $71,040 invested. Return on cash invested prints 33.14% in year one, and rental yield reads 11.8% against a $214,300 entry. Equity gained on principal adds $1,383/yr, while 5% annual appreciation compiles into $59,207 by year five. Five-year ROI reaches 173.83% and total cumulative return in cash sums $123,490. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,108/mo property income covering a $1,049/mo payment, not borrower’s personal income.