Chester StEaton 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
Investment property for sale in Eaton Rapids at Chester St, Eaton Rapids, MI, 48827 offers a 17.05% rental yield on a $100,000 purchase with $1,421/mo rent. Total monthly income registers $1,421/mo, and a $489/mo payment leaves $762/mo available for distribution. Annual cash flow reaches $9,144/yr on $33,150 to close, and return on cash invested stands at 47.49% in year one. Equity gained on principal adds $645/yr while 5% annual appreciation supports $27,628 over five years. Portfolio math shows five-year ROI at 251.27% and total cumulative return in cash at $83,296. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,421/mo property income against a $489/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Lot
Built in N/A
0.38 Acres lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Shelby Miller • Berkshire Hathaway HomeServices Tomie Raines
Mls Name: Greater Lansing AOR
Mls Provider:
Mls ID: #267349
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