11664 N Gordon AveBitelyMI49309
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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 11664 N Gordon Ave, Bitely, MI, 49309 offers a 5.25% rental yield on a $567,500 purchase with $2,484/mo rent. 97% in year one. Equity gained on principal adds $3,662/yr while 5% annual appreciation supports $156,790 over five years. Portfolio math shows five-year ROI at 60.79% and total cumulative return in cash at $113,492. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,484/mo property income against a $2,778/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1890
81.28 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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