1108 Hall StEaton RapidsMI48827
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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
Investment Highlights
Investment property for sale in Eaton Rapids at 1108 Hall St, Eaton Rapids, MI, 48827 offers a 17.24% rental yield on a $104,900 purchase with $1,507/mo rent. Total monthly income registers $1,507/mo, and a $513/mo payment leaves $816/mo available for distribution. Annual cash flow reaches $9,788/yr on $34,774 to close, and return on cash invested stands at 48.06% in year one. Equity gained on principal adds $677/yr while 5% annual appreciation supports $28,982 over five years. Portfolio math shows five-year ROI at 254.34% and total cumulative return in cash at $88,446. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,507/mo property income against a $513/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
6,098 sqft lot
$N/A/sqft
No HOA
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Listed by: Nancy Conner • Conner Realty Company
Mls Name: Greater Lansing AOR
Mls Provider:
Mls ID: #282418
Disclaimer: IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Copyright 2023 Greater Lansing Association of REALTORS