2988 27 1/2 Mile Rd,Homer,MI,49245

Investment Highlights

Investment property for sale in Homer at 2988 27 1/2 Mile Rd, Homer, MI, 49245 uses $54,698 cash to close to unlock $6,510/yr annual cash flow and $543/mo monthly cash flow. Total monthly income runs $1,631/mo, and a $808/mo payment keeps the spread at $543/mo. Purchase price stands at $165,000, and rental yield measures 11.86% with $1,631/mo rent. Return on cash invested shows 31.81% in year one, and 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 167.24% and total cumulative return in cash records $91,475. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,631/mo property income covering a $808/mo payment rather than investor’s personal income.