218 W Main StParmaMI49269
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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
Rental property for sale in Parma at 218 W Main St, Parma, MI, 49269 priced at $175,000 converts $1,249/mo rent into $95/mo cash flow after a $857/mo obligation. Total monthly income equals $1,249/mo, and annual cash flow totals $1,134/yr on $58,013 invested. Return on cash invested prints 21.86% in year one, and rental yield reads 8.56% against a $175,000 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation compiles into $48,349 by year five. Five-year ROI reaches 113.9% and total cumulative return in cash sums $66,079. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,249/mo property income covering a $857/mo payment, not borrower’s personal income.
Multi Family
Built in 1900
3,484 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Glenda Carolina Sabo • Exit Great Lakes Realty
Mls Name: Greater Lansing AOR
Mls Provider:
Mls ID: #284385
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 2025 Greater Lansing Association of REALTORS