1692 S Smith Rd,Eaton Rapids,MI,48827

Investment Highlights

Investment property for sale in Eaton Rapids at 1692 S Smith Rd, Eaton Rapids, MI, 48827 offers a 11.03% rental yield on a $174,900 purchase with $1,607/mo rent. Total monthly income registers $1,607/mo, and a $856/mo payment leaves $454/mo available for distribution. Annual cash flow reaches $5,444/yr on $57,979 to close, and return on cash invested stands at 29.3% in year one. Equity gained on principal adds $1,129/yr while 5% annual appreciation supports $48,322 over five years. Portfolio math shows five-year ROI at 153.74% and total cumulative return in cash at $89,136. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,607/mo property income against a $856/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.