1006 Meadowlane DrSturgisMI49091
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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 Sturgis at 1006 Meadowlane Dr, Sturgis, MI, 49091 offers a 11.79% rental yield on a $229,567 purchase with $2,256/mo rent. Total monthly income registers $2,256/mo, and a $1,124/mo payment leaves $739/mo available for distribution. Annual cash flow reaches $8,864/yr on $76,101 to close, and return on cash invested stands at 31.56% in year one. Equity gained on principal adds $1,481/yr while 5% annual appreciation supports $63,425 over five years. Portfolio math shows five-year ROI at 165.87% and total cumulative return in cash at $126,231. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,256/mo property income against a $1,124/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1984
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49091, Sturgis, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,734 (100%) |
| Owner Occupied HU | 5,515 (63.1%) |
| Renter Occupied HU | 2,168 (24.8%) |
| Vacant Housing Units | 1,051 (12.0%) |
| Median Home Value | $184,271 |
| Average Home Value | $220,724 |
Housing Distribution
Address Breakdown
Residential
8,139
Single Family
7,258
Multi-Family
881
Businesses
611
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