7027 Steele HwyEaton 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 7027 Steele Hwy, Eaton Rapids, MI, 48827 priced at $335,000 converts $3,068/mo rent into $859/mo cash flow after a $1,640/mo obligation. Total monthly income equals $3,068/mo, and annual cash flow totals $10,302/yr on $111,053 invested. Return on cash invested prints 29.19% in year one, and rental yield reads 10.99% against a $335,000 entry. Equity gained on principal adds $2,162/yr, while 5% annual appreciation compiles into $92,554 by year five. Five-year ROI reaches 153.15% and total cumulative return in cash sums $170,072. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,068/mo property income covering a $1,640/mo payment, not borrower’s personal income.
Single Family
Built in 1990
2.33 Acres lot
$N/A/sqft
No HOA
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Listed by: Kelly Brown • Bellabay Realty, LLC
Mls Name: Greater Lansing AOR
Mls Provider:
Mls ID: #284900
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