1107 Forest LnColumbusMI48063
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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 Columbus at 1107 Forest Ln, Columbus, MI, 48063 priced at $109,900 converts $1,711/mo rent into $986/mo cash flow after a $538/mo obligation. Total monthly income equals $1,711/mo, and annual cash flow totals $11,834/yr on $36,432 invested. Return on cash invested prints 52.39% in year one, and rental yield reads 18.68% against a $109,900 entry. Equity gained on principal adds $709/yr, while 5% annual appreciation compiles into $30,363 by year five. Five-year ROI reaches 277.68% and total cumulative return in cash sums $101,164. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,711/mo property income covering a $538/mo payment, not borrower’s personal income.
Manufactured
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48063, Columbus, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,681 (100%) |
| Owner Occupied HU | 1,433 (85.2%) |
| Renter Occupied HU | 191 (11.4%) |
| Vacant Housing Units | 57 ( 3.4%) |
| Median Home Value | $300,638 |
| Average Home Value | $327,926 |
Housing Distribution
Address Breakdown
Residential
1,706
Single Family
1,706
Multi-Family
0
Businesses
32
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