7517 Lake Dr,Reading,MI,49274

Investment Highlights

Investment property for sale in Reading at 7517 Lake Dr, Reading, MI, 49274 uses $50,554 cash to close to unlock $11,097/yr annual cash flow and $925/mo monthly cash flow. Total monthly income runs $1,930/mo, and a $746/mo payment keeps the spread at $925/mo. Purchase price stands at $152,500, and rental yield measures 15.19% with $1,930/mo rent. Return on cash invested shows 41.86% in year one, and 5% annual appreciation builds toward $42,133 over five years. Five-year ROI reaches 221.11% and total cumulative return in cash records $111,779. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,930/mo property income covering a $746/mo payment rather than investor’s personal income.