Water Lily Plan, Aspire at Lighthouse Estates,Vermilion,OH,44089

Investment Highlights

Rental property for sale in Vermilion at Water Lily Plan, Aspire at Lighthouse Estates, Vermilion, OH, 44089 offers $3,644/mo rent that, after a $1,899/mo payment, leaves $1,092/mo cash flow. Total monthly income is $3,644/mo, and annual cash flow is $13,103/yr on $128,619 cash. Return on cash invested measures 30.1% in year one, and rental yield stands at 11.27% at a $387,990 entry. Equity gained on principal adds $2,504/yr while 5% annual appreciation compounds into $107,194 by year five. Five-year ROI records 157.98% and total cumulative return in cash reaches $203,197. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,644/mo property income versus a $1,899/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.