645 N Gallery Dr #98Eaton RapidsMI48827
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeA DSCR of 1.68 makes 645 N Gallery Dr #98, Eaton Rapids, MI, 48827 in Eaton Rapids one of the easier properties to finance via Ziffy Mortgage's rental-income underwriting. Rental yield 9.05%. The 9.05% yield, 5% annual appreciation ($30,363 over five years), and $1,012/yr in principal reduction project a total cumulative return of $10,468.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.1% | 7.5% |
| Monthly Cash Flow | $(532) | $220 |
City averages based on Eaton Rapids market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $829 |
| Total Monthly Debt Service | $1,317 |
| DSCR Ratio | 0.63x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Manufactured
Built in 2022
N/A lot
$N/A/sqft
$636 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Manufactured
Built in 2022
N/A lot
$N/A/sqft
$636 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ashley Crawford • Keller Williams GR East
Mls Name: MichRIC
Mls Provider:
Mls ID: #24044480
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.