102 Phoxy LnIndian RiverMI49749
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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 Indian River at 102 Phoxy Ln, Indian River, MI, 49749 offers $3,209/mo rent that, after a $3,573/mo payment. Total monthly income is $3,209/mo. Return on cash invested measures 12.05% in year one, and rental yield stands at 5.28% at a $729,900 entry. Equity gained on principal adds $4,710/yr while 5% annual appreciation compounds into $201,658 by year five. Five-year ROI records 61.19% and total cumulative return in cash reaches $146,935. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,209/mo property income versus a $3,573/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
1.02 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49749, Indian River, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,503 (100%) |
| Owner Occupied HU | 1,674 (47.8%) |
| Renter Occupied HU | 288 ( 8.2%) |
| Vacant Housing Units | 1,541 (44.0%) |
| Median Home Value | $245,946 |
| Average Home Value | $327,195 |
Housing Distribution
Address Breakdown
Residential
2,051
Single Family
2,051
Multi-Family
0
Businesses
215
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Listed by: The Batch Klimek Group • RE/MAX Results
Mls Name: MiRealSource
Mls ID: #50191575