305 E Main St, Homer, MI, 49245 | $930/mo Cash Flow

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NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Homer at 305 E Main St, Homer, MI, 49245 priced at $180,000 converts $2,117/mo rent into $930/mo cash flow after a $881/mo obligation. Total monthly income equals $2,117/mo, and annual cash flow totals $11,160/yr on $59,670 invested. Return on cash invested prints 38.61% in year one, and rental yield reads 14.11% against a $180,000 entry. Equity gained on principal adds $1,162/yr, while 5% annual appreciation compiles into $49,731 by year five. Five-year ROI reaches 203.65% and total cumulative return in cash sums $121,517. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,117/mo property income covering a $881/mo payment, not borrower’s personal income.

Single Family

Built in 1901

9,147 sqft lot

$N/A/sqft

No HOA