1003 N State StBig RapidsMI49307
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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 Big Rapids at 1003 N State St, Big Rapids, MI, 49307 earns $1,591/mo cash flow from $2,696/mo rent with a $820/mo payment. Total monthly income totals $2,696/mo, and annual cash flow totals $19,095/yr on $55,526 capital. ROI tracks 54.3% on current figures, and rental yield reads 19.31% at a $167,500 purchase. Equity gained on principal adds $1,081/yr, and 5% annual appreciation supports $46,277 over five years. Five-year ROI reaches 287.85% and total cumulative return in cash sums $159,832. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,696/mo property income instead of your personal income.
Single Family
Built in 1950
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49307, Big Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,216 (100%) |
| Owner Occupied HU | 4,118 (50.1%) |
| Renter Occupied HU | 2,716 (33.1%) |
| Vacant Housing Units | 1,382 (16.8%) |
| Median Home Value | $182,919 |
| Average Home Value | $215,984 |
Housing Distribution
Address Breakdown
Residential
8,009
Single Family
7,243
Multi-Family
766
Businesses
704
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Listed by: Joseph McNally • RE/MAX TOGETHER
Mls Name: MichRIC
Mls Provider:
Mls ID: #24016339
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.