11763 E Cleveland RdBannisterMI48807
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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
Total monthly income runs $1,501/mo, and a $1,125/mo payment. Purchase price stands at $229,900, and rental yield measures 7.83% with $1,501/mo rent. Return on cash invested shows 19.68% in year one, and 5% annual appreciation builds toward $63,517 over five years. Five-year ROI reaches 102.17% and total cumulative return in cash records $77,867. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,501/mo property income covering a $1,125/mo payment rather than investor’s personal income.
Single Family
Built in 1937
6.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48807, Bannister, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 357 (100%) |
| Owner Occupied HU | 281 (78.7%) |
| Renter Occupied HU | 45 (12.6%) |
| Vacant Housing Units | 31 ( 8.7%) |
| Median Home Value | $192,045 |
| Average Home Value | $236,308 |
Housing Distribution
Address Breakdown
Residential
332
Single Family
332
Multi-Family
0
Businesses
9
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