1055 Hoover RdBarrytonMI49305
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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 Barryton at 1055 Hoover Rd, Barryton, MI, 49305 offers $2,386/mo rent that, after a $2,100/mo payment. Total monthly income is $2,386/mo. Return on cash invested measures 16.17% in year one, and rental yield stands at 6.67% at a $429,000 entry. Equity gained on principal adds $2,768/yr while 5% annual appreciation compounds into $118,525 by year five. Five-year ROI records 83.32% and total cumulative return in cash reaches $118,489. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,386/mo property income versus a $2,100/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1994
20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49305, Barryton, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,615 (100%) |
| Owner Occupied HU | 898 (55.6%) |
| Renter Occupied HU | 129 ( 8.0%) |
| Vacant Housing Units | 588 (36.4%) |
| Median Home Value | $154,167 |
| Average Home Value | $171,553 |
Housing Distribution
Address Breakdown
Residential
988
Single Family
988
Multi-Family
0
Businesses
49
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Nearby investment properties with comparable prices
