1023 W Burns Line RdMelvinMI48454
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Melvin at 1023 W Burns Line Rd, Melvin, MI, 48454 generates $1,651/mo in rent and, after a $978/mo payment, leaves $333/mo in cash flow. Total monthly income is $1,651/mo, and annual cash flow is $3,998/yr on $66,267 invested. Return on cash invested sits at 25.94% in year one, and rental yield is 9.91% on a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 135.8% and total cumulative return in cash sums $89,989. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,651/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
2.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48454, Melvin, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 554 (100%) |
| Owner Occupied HU | 450 (81.2%) |
| Renter Occupied HU | 42 ( 7.6%) |
| Vacant Housing Units | 62 (11.2%) |
| Median Home Value | $206,962 |
| Average Home Value | $247,322 |
Housing Distribution
Address Breakdown
Residential
506
Single Family
506
Multi-Family
0
Businesses
15
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices