502 S East StEaton 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 502 S East St, Eaton Rapids, MI, 48827 offers $856/mo rent that, after a $1,463/mo payment. Total monthly income is $856/mo. Return on cash invested measures 6.41% in year one, and rental yield stands at 3.44% at a $299,000 entry. Equity gained on principal adds $1,929/yr while 5% annual appreciation compounds into $82,608 by year five. Five-year ROI records 30.97% and total cumulative return in cash reaches $30,694. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $856/mo property income versus a $1,463/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1964
0.38 Acres lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Douglas Eschtruth • RE/MAX Real Estate Professionals
Mls Name: Greater Lansing AOR
Mls ID: #293016