1143 W Channel StBitelyMI49309
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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 Bitely at 1143 W Channel St, Bitely, MI, 49309 uses $49,692 cash to close to unlock $4,406/yr annual cash flow and $367/mo monthly cash flow. Total monthly income runs $1,356/mo, and a $734/mo payment keeps the spread at $367/mo. Purchase price stands at $149,900, and rental yield measures 10.86% with $1,356/mo rent. Return on cash invested shows 28.78% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 151% and total cumulative return in cash records $75,035. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,356/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1960
1.18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49309, Bitely, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,132 (100%) |
| Owner Occupied HU | 796 (37.3%) |
| Renter Occupied HU | 106 ( 5.0%) |
| Vacant Housing Units | 1,230 (57.7%) |
| Median Home Value | $185,333 |
| Average Home Value | $244,881 |
Housing Distribution
Address Breakdown
Residential
1,100
Single Family
1,100
Multi-Family
0
Businesses
33
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