1178 Freshfield DrByron CenterMI49315
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Nearby investment properties with comparable prices
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 Byron Center at 1178 Freshfield Dr, Byron Center, MI, 49315 priced at $419,500 pairs $3,019/mo rent with $253/mo cash flow after a $2,053/mo payment. Total monthly income equals $3,019/mo, and annual cash flow comes to $3,034/yr on $139,064 invested. Return on cash invested is 22.09% in year one, and rental yield stands at 8.64% on a $419,500 basis. Equity gained on principal adds $2,707/yr, and 5% annual appreciation accumulates to $115,900 by year five. Five-year ROI measures 115.06% and total cumulative return in cash reaches $160,014. For financing, Ziffy Mortgage’s DSCR program evaluates $3,019/mo property income against a $2,053/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49315, Byron Center, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,640 (100%) |
| Owner Occupied HU | 9,012 (84.7%) |
| Renter Occupied HU | 1,223 (11.5%) |
| Vacant Housing Units | 405 ( 3.8%) |
| Median Home Value | $391,039 |
| Average Home Value | $441,361 |
Housing Distribution
Address Breakdown
Residential
10,119
Single Family
9,510
Multi-Family
609
Businesses
824
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Listed by: Kevin M Yoder • LPT Realty
Mls Name: MichRIC
Mls ID: #25056934