1067 Sullivan RdRavennaMI49451
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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 Ravenna at 1067 Sullivan Rd, Ravenna, MI, 49451 generates $1,841/mo in rent and, after a $1,223/mo payment, leaves $193/mo in cash flow. Total monthly income is $1,841/mo, and annual cash flow is $2,318/yr on $82,842 invested. Return on cash invested sits at 22.71% in year one, and rental yield is 8.84% on a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 118.42% and total cumulative return in cash sums $98,102. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,841/mo property income rather than buyer’s personal income.
Manufactured
Built in 1994
3.78 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49451, Ravenna, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,211 (100%) |
| Owner Occupied HU | 1,916 (86.7%) |
| Renter Occupied HU | 208 ( 9.4%) |
| Vacant Housing Units | 87 ( 3.9%) |
| Median Home Value | $269,377 |
| Average Home Value | $315,956 |
Housing Distribution
Address Breakdown
Residential
2,313
Single Family
2,229
Multi-Family
84
Businesses
116
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