10215 Eight Mile RdCerescoMI49033
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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 Ceresco at 10215 Eight Mile Rd, Ceresco, MI, 49033 generates $1,945/mo in rent, after a $1,664/mo payment. Total monthly income is $1,945/mo. Return on cash invested sits at 16.75% in year one, and rental yield is 6.87% on a $339,900 entry. Equity gained on principal adds $2,193/yr, while 5% annual appreciation builds toward $93,908 over five years. Five-year ROI reaches 86.46% and total cumulative return in cash sums $97,415. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,945/mo property income rather than buyer’s personal income.
Single Family
Built in 1974
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49033, Ceresco, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 756 (100%) |
| Owner Occupied HU | 646 (85.4%) |
| Renter Occupied HU | 59 ( 7.8%) |
| Vacant Housing Units | 51 ( 6.7%) |
| Median Home Value | $264,220 |
| Average Home Value | $376,861 |
Housing Distribution
Address Breakdown
Residential
721
Single Family
721
Multi-Family
0
Businesses
13
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