1002 Water St, Eaton Rapids, MI, 48827 | $260/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Rental property for sale in Eaton Rapids at 1002 Water St, Eaton Rapids, MI, 48827 generates $1,545/mo in rent and, after a $954/mo payment, leaves $260/mo in cash flow. Total monthly income is $1,545/mo, and annual cash flow is $3,116/yr on $64,609 invested. Return on cash invested sits at 24.73% in year one, and rental yield is 9.51% on a $194,900 entry. Equity gained on principal adds $1,258/yr, while 5% annual appreciation builds toward $53,847 over five years. Five-year ROI reaches 129.25% and total cumulative return in cash sums $83,511. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,545/mo property income rather than buyer’s personal income.

Single Family

Built in 1900

0.30 Acres lot

$N/A/sqft

No HOA