118 Drew AveDeerfieldMI49238
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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 Deerfield at 118 Drew Ave, Deerfield, MI, 49238 offers a 10.25% rental yield on a $254,900 purchase with $2,177/mo rent. Total monthly income registers $2,177/mo, and a $1,248/mo payment leaves $496/mo available for distribution. Annual cash flow reaches $5,948/yr on $84,499 to close, and return on cash invested stands at 26.95% in year one. Equity gained on principal adds $1,645/yr while 5% annual appreciation supports $70,424 over five years. Portfolio math shows five-year ROI at 141.13% and total cumulative return in cash at $119,256. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,177/mo property income against a $1,248/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1928
1.81 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49238, Deerfield, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 643 (100%) |
| Owner Occupied HU | 532 (82.7%) |
| Renter Occupied HU | 80 (12.4%) |
| Vacant Housing Units | 31 ( 4.8%) |
| Median Home Value | $214,516 |
| Average Home Value | $274,196 |
Housing Distribution
Address Breakdown
Residential
621
Single Family
621
Multi-Family
0
Businesses
42
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