10047 Eleven Mile RdCerescoMI49033
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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 Ceresco at 10047 Eleven Mile Rd, Ceresco, MI, 49033 offers a 6.49% rental yield on a $425,000 purchase with $2,300/mo rent. 63% in year one. Equity gained on principal adds $2,742/yr while 5% annual appreciation supports $117,420 over five years. Portfolio math shows five-year ROI at 80.43% and total cumulative return in cash at $113,321. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,300/mo property income against a $2,080/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
17.02 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49033, Ceresco, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 756 (100%) |
| Owner Occupied HU | 646 (85.4%) |
| Renter Occupied HU | 59 ( 7.8%) |
| Vacant Housing Units | 51 ( 6.7%) |
| Median Home Value | $264,220 |
| Average Home Value | $376,861 |
Housing Distribution
Address Breakdown
Residential
721
Single Family
721
Multi-Family
0
Businesses
13
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