103 S Railroad StAllenMI49227
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 Allen at 103 S Railroad St, Allen, MI, 49227 priced at $239,000 converts $1,672/mo rent into $96/mo cash flow after a $1,170/mo obligation. Total monthly income equals $1,672/mo, and annual cash flow totals $1,148/yr on $79,229 invested. Return on cash invested prints 21.36% in year one, and rental yield reads 8.39% against a $239,000 entry. Equity gained on principal adds $1,542/yr, while 5% annual appreciation compiles into $66,031 by year five. Five-year ROI reaches 111.17% and total cumulative return in cash sums $88,080. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,672/mo property income covering a $1,170/mo payment, not borrower’s personal income.
Single Family
Built in 1865
5.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49227, Allen, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 585 (100%) |
| Owner Occupied HU | 442 (75.6%) |
| Renter Occupied HU | 90 (15.4%) |
| Vacant Housing Units | 53 ( 9.1%) |
| Median Home Value | $189,063 |
| Average Home Value | $233,643 |
Housing Distribution
Address Breakdown
Residential
490
Single Family
490
Multi-Family
0
Businesses
19
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