Spring Plan, Gatherings at Ridgemont,Mesquite,NV,89034

Investment Highlights

Rental property for sale in Mesquite at Spring Plan, Gatherings at Ridgemont, Mesquite, NV, 89034 priced at $413,990 pairs $2,418/mo rent with $26/mo cash flow after a $2,026/mo payment. Total monthly income equals $2,418/mo, and annual cash flow comes to $316/yr on $137,238 invested. Return on cash invested is 20.14% in year one, and rental yield stands at 7.01% on a $413,990 basis. Equity gained on principal adds $2,671/yr, and 5% annual appreciation accumulates to $114,378 by year five. Five-year ROI measures 103.56% and total cumulative return in cash reaches $142,120. For financing, Ziffy Mortgage’s DSCR program evaluates $2,418/mo property income against a $2,026/mo payment instead of your W2s, 1099s, or Tax returns.