10870 Eaton Rapids RdSpringportMI49284
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment Highlights
Investment property for sale in Springport at 10870 Eaton Rapids Rd, Springport, MI, 49284 uses $82,842 cash to close to unlock $8,954/yr annual cash flow and $746/mo monthly cash flow. Total monthly income runs $2,394/mo, and a $1,223/mo payment keeps the spread at $746/mo. Purchase price stands at $249,900, and rental yield measures 11.5% with $2,394/mo rent. Return on cash invested shows 30.72% in year one, and 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 161.39% and total cumulative return in cash records $133,694. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,394/mo property income covering a $1,223/mo payment rather than investor’s personal income.
Single Family
Built in 2004
2.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49284, Springport, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,525 (100%) |
| Owner Occupied HU | 1,110 (72.8%) |
| Renter Occupied HU | 182 (11.9%) |
| Vacant Housing Units | 233 (15.3%) |
| Median Home Value | $235,061 |
| Average Home Value | $285,342 |
Housing Distribution
Address Breakdown
Residential
1,174
Single Family
1,174
Multi-Family
0
Businesses
54
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Missy Lord • RE/MAX Real Estate Professionals Dewitt
Mls Name: Greater Lansing AOR
Mls ID: #293021