1005 Dogwood DrPortageMI49024
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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
Rental property for sale in Portage at 1005 Dogwood Dr, Portage, MI, 49024 generates $2,695/mo in rent and, after a $1,816/mo payment, leaves $248/mo in cash flow. Total monthly income is $2,695/mo, and annual cash flow is $2,980/yr on $122,987 invested. Return on cash invested sits at 22.33% in year one, and rental yield is 8.72% on a $371,000 entry. Equity gained on principal adds $2,394/yr, while 5% annual appreciation builds toward $102,500 over five years. Five-year ROI reaches 116.39% and total cumulative return in cash sums $143,143. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,695/mo property income rather than buyer’s personal income.
Single Family
Built in 1984
0.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49024, Portage, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,522 (100%) |
| Owner Occupied HU | 8,953 (66.2%) |
| Renter Occupied HU | 3,895 (28.8%) |
| Vacant Housing Units | 674 ( 5.0%) |
| Median Home Value | $300,516 |
| Average Home Value | $336,610 |
Housing Distribution
Address Breakdown
Residential
13,102
Single Family
11,134
Multi-Family
1,968
Businesses
800
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