1001 Mechanic St,Big Rapids,MI,49307

Investment Highlights

Rental property for sale in Big Rapids at 1001 Mechanic St, Big Rapids, MI, 49307 offers $2,683/mo rent that, after a $1,517/mo payment, leaves $639/mo cash flow. Total monthly income is $2,683/mo, and annual cash flow is $7,670/yr on $102,732 cash. Return on cash invested measures 27.38% in year one, and rental yield stands at 10.39% at a $309,900 entry. Equity gained on principal adds $2,000/yr while 5% annual appreciation compounds into $85,620 by year five. Five-year ROI records 143.45% and total cumulative return in cash reaches $147,372. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,683/mo property income versus a $1,517/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.