Nora Plan, Cresswind DeLand, a 55+ Community,Deland,FL,32724

Investment Highlights

Rental property for sale in Deland at Nora Plan, Cresswind DeLand, a 55+ Community, Deland, FL, 32724 generates $3,355/mo in rent, after a $2,628/mo payment. Total monthly income is $3,355/mo. Return on cash invested sits at 18.65% in year one, and rental yield is 7.5% on a $536,990 entry. Equity gained on principal adds $3,465/yr, while 5% annual appreciation builds toward $148,360 over five years. Five-year ROI reaches 96.62% and total cumulative return in cash sums $170,705. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,355/mo property income rather than buyer’s personal income.