1020 Boynton Ave SEAdaMI49301
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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 Ada at 1020 Boynton Ave SE, Ada, MI, 49301 priced at $249,900 converts $4,469/mo rent into $2,821/mo cash flow after a $1,223/mo obligation. Total monthly income equals $4,469/mo, and annual cash flow totals $33,854/yr on $82,842 invested. Return on cash invested prints 60.77% in year one, and rental yield reads 21.46% against a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,043 by year five. Five-year ROI reaches 322.55% and total cumulative return in cash sums $267,206. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,469/mo property income covering a $1,223/mo payment, not borrower’s personal income.
Manufactured
Built in 2002
4.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49301, Ada, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,179 (100%) |
| Owner Occupied HU | 6,469 (90.1%) |
| Renter Occupied HU | 468 ( 6.5%) |
| Vacant Housing Units | 242 ( 3.4%) |
| Median Home Value | $522,633 |
| Average Home Value | $592,513 |
Housing Distribution
Address Breakdown
Residential
7,285
Single Family
7,076
Multi-Family
209
Businesses
611
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