220 E Adelaide StMaple RapidsMI48853
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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 Maple Rapids at 220 E Adelaide St, Maple Rapids, MI, 48853 uses $91,129 cash to close to unlock $1,304/yr annual cash flow and $109/mo monthly cash flow. Total monthly income runs $1,921/mo, and a $1,346/mo payment keeps the spread at $109/mo. Purchase price stands at $274,900, and rental yield measures 8.39% with $1,921/mo rent. Return on cash invested shows 21.34% in year one, and 5% annual appreciation builds toward $75,950 over five years. Five-year ROI reaches 111.05% and total cumulative return in cash records $101,199. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,921/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Single Family
Built in 1900
8,712 sqft lot
$N/A/sqft
No HOA
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Listed by: Janell Dunham • Century 21 Affiliated
Mls Name: Greater Lansing AOR
Mls Provider:
Mls ID: #285112
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