13124 Spruce Ridge Dr,Gowen,MI,49326

Investment Highlights

Rental property for sale in Gowen at 13124 Spruce Ridge Dr, Gowen, MI, 49326 generates $3,360/mo in rent and, after a $1,713/mo payment, leaves $1,036/mo in cash flow. Total monthly income is $3,360/mo, and annual cash flow is $12,426/yr on $115,992 invested. Return on cash invested sits at 30.62% in year one, and rental yield is 11.52% on a $349,900 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 160.9% and total cumulative return in cash sums $186,630. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,360/mo property income rather than buyer’s personal income.