10835 Weaver DrPortageMI49002
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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
Investment property for sale in Portage at 10835 Weaver Dr, Portage, MI, 49002 uses $33,150 cash to close to unlock $22,044/yr annual cash flow and $1,837/mo monthly cash flow. Total monthly income runs $2,496/mo, and a $489/mo payment keeps the spread at $1,837/mo. Purchase price stands at $100,000, and rental yield measures 29.95% with $2,496/mo rent. Return on cash invested shows 86.41% in year one, and 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 459.92% and total cumulative return in cash records $152,464. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,496/mo property income covering a $489/mo payment rather than investor’s personal income.
Lot
Built in N/A
1.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49002, Portage, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,137 (100%) |
| Owner Occupied HU | 6,111 (66.9%) |
| Renter Occupied HU | 2,675 (29.3%) |
| Vacant Housing Units | 351 ( 3.8%) |
| Median Home Value | $280,228 |
| Average Home Value | $316,779 |
Housing Distribution
Address Breakdown
Residential
9,014
Single Family
7,964
Multi-Family
1,050
Businesses
956
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