Steinbeck Plan, Williams Ridge 55+,Nesbit,MS,38651

Investment Highlights

Rental property for sale in Nesbit at Steinbeck Plan, Williams Ridge 55+, Nesbit, MS, 38651 priced at $359,900 pairs $3,048/mo rent with $845/mo cash flow after a $1,762/mo payment. Total monthly income equals $3,048/mo, and annual cash flow comes to $10,142/yr on $119,307 invested. Return on cash invested is 28.41% in year one, and rental yield stands at 10.16% on a $359,900 basis. Equity gained on principal adds $2,322/yr, and 5% annual appreciation accumulates to $99,434 by year five. Five-year ROI measures 148.37% and total cumulative return in cash reaches $177,014. For financing, Ziffy Mortgage’s DSCR program evaluates $3,048/mo property income against a $1,762/mo payment instead of your W2s, 1099s, or Tax returns.