0 Fillmore StWest OliveMI49460
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
Investment property for sale in West Olive at 0 Fillmore St, West Olive, MI, 49460 earns $1,561/mo cash flow from $2,616/mo rent with a $783/mo payment. Total monthly income totals $2,616/mo, and annual cash flow totals $18,732/yr on $53,040 capital. ROI tracks 55.23% on current figures, and rental yield reads 19.62% at a $160,000 purchase. Equity gained on principal adds $1,032/yr, and 5% annual appreciation supports $44,205 over five years. Five-year ROI reaches 292.74% and total cumulative return in cash sums $155,270. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,616/mo property income instead of your personal income.
Lot
Built in N/A
3.75 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49460, West Olive, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,031 (100%) |
| Owner Occupied HU | 3,340 (82.9%) |
| Renter Occupied HU | 268 ( 6.6%) |
| Vacant Housing Units | 423 (10.5%) |
| Median Home Value | $378,999 |
| Average Home Value | $441,543 |
Housing Distribution
Address Breakdown
Residential
3,784
Single Family
3,068
Multi-Family
716
Businesses
132
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Nearby investment properties with comparable prices
Listed by: Curtis W Carini • Carini & Associates Realtors
Mls Name: MichRIC
Mls Provider:
Mls ID: #24044099
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.