702 Drahner DrEaton RapidsMI48827
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
Investment Highlights
Rental property for sale in Eaton Rapids at 702 Drahner Dr, Eaton Rapids, MI, 48827 offers $4,606/mo rent that, after a $1,884/mo payment, leaves $2,068/mo cash flow. Total monthly income is $4,606/mo, and annual cash flow is $24,810/yr on $127,628 cash. Return on cash invested measures 39.35% in year one, and rental yield stands at 14.36% at a $385,000 entry. Equity gained on principal adds $2,484/yr while 5% annual appreciation compounds into $106,368 by year five. Five-year ROI records 207.62% and total cumulative return in cash reaches $264,982. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,606/mo property income versus a $1,884/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2007
0.68 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sava M Treloar • EXIT Realty Advantage
Mls Name: Greater Lansing AOR
Mls Provider:
Mls ID: #283159
Disclaimer: IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Copyright 2023 Greater Lansing Association of REALTORS