6642 E Spicerville Hwy,Eaton Rapids,MI,48827

Investment Highlights

Investment property for sale in Eaton Rapids at 6642 E Spicerville Hwy, Eaton Rapids, MI, 48827 offers a 8.25% rental yield on a $234,900 purchase with $1,615/mo rent. Total monthly income registers $1,615/mo, and a $1,150/mo payment leaves $66/mo available for distribution. Annual cash flow reaches $788/yr on $77,869 to close, and return on cash invested stands at 20.92% in year one. Equity gained on principal adds $1,516/yr while 5% annual appreciation supports $64,899 over five years. Portfolio math shows five-year ROI at 108.82% and total cumulative return in cash at $84,741. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,615/mo property income against a $1,150/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.