101 W 2nd StCaspianMI49915
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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 Caspian at 101 W 2nd St, Caspian, MI, 49915 offers a 9.46% rental yield on a $104,900 purchase with $827/mo rent. Total monthly income registers $827/mo, and a $513/mo payment leaves $136/mo available for distribution. Annual cash flow reaches $1,628/yr on $34,774 to close, and return on cash invested stands at 24.59% in year one. Equity gained on principal adds $677/yr while 5% annual appreciation supports $28,982 over five years. Portfolio math shows five-year ROI at 128.53% and total cumulative return in cash at $44,694. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $827/mo property income against a $513/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
0.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49915, Caspian, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 420 (100%) |
| Owner Occupied HU | 258 (61.4%) |
| Renter Occupied HU | 91 (21.7%) |
| Vacant Housing Units | 71 (16.9%) |
| Median Home Value | $105,488 |
| Average Home Value | $180,320 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
25
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