1179 E James StWhite CloudMI49349
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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 White Cloud at 1179 E James St, White Cloud, MI, 49349 generates $1,583/mo in rent and, after a $656/mo payment, leaves $699/mo in cash flow. Total monthly income is $1,583/mo, and annual cash flow is $8,390/yr on $44,421 invested. Return on cash invested sits at 38.8% in year one, and rental yield is 14.18% on a $134,000 entry. Equity gained on principal adds $865/yr, while 5% annual appreciation builds toward $37,022 over five years. Five-year ROI reaches 204.76% and total cumulative return in cash sums $90,959. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,583/mo property income rather than buyer’s personal income.
Single Family
Built in 1942
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49349, White Cloud, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,334 (100%) |
| Owner Occupied HU | 2,768 (63.9%) |
| Renter Occupied HU | 512 (11.8%) |
| Vacant Housing Units | 1,054 (24.3%) |
| Median Home Value | $179,401 |
| Average Home Value | $243,816 |
Housing Distribution
Address Breakdown
Residential
3,390
Single Family
3,303
Multi-Family
87
Businesses
131
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Listed by: Amy Postma • Greenridge Realty Inc
Mls Name: MichRIC
Mls Provider:
Mls ID: #24045466
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.