2331 S Michigan RdEaton 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
Rental property for sale in Eaton Rapids at 2331 S Michigan Rd, Eaton Rapids, MI, 48827 priced at $199,900 pairs $1,934/mo rent with $616/mo cash flow after a $978/mo payment. Total monthly income equals $1,934/mo, and annual cash flow comes to $7,394/yr on $66,267 invested. Return on cash invested is 31.07% in year one, and rental yield stands at 11.61% on a $199,900 basis. Equity gained on principal adds $1,290/yr, and 5% annual appreciation accumulates to $55,229 by year five. Five-year ROI measures 163.27% and total cumulative return in cash reaches $108,193. For financing, Ziffy Mortgage’s DSCR program evaluates $1,934/mo property income against a $978/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1999
1.04 Acres lot
$N/A/sqft
No HOA
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Listed by: Gerald Hause • Gerald D. Hause
Mls Name: Greater Lansing AOR
Mls Provider:
Mls ID: #286037
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