11977 Maiden LnRigaMI49276
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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 Riga at 11977 Maiden Ln, Riga, MI, 49276 offers a 11.43% rental yield on a $139,900 purchase with $1,332/mo rent. Total monthly income registers $1,332/mo, and a $685/mo payment leaves $409/mo available for distribution. Annual cash flow reaches $4,910/yr on $46,377 to close, and return on cash invested stands at 30.5% in year one. Equity gained on principal adds $903/yr while 5% annual appreciation supports $38,652 over five years. Portfolio math shows five-year ROI at 160.28% and total cumulative return in cash at $74,331. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,332/mo property income against a $685/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1962
0.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49276, Riga, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 400 (100%) |
| Owner Occupied HU | 347 (86.7%) |
| Renter Occupied HU | 30 ( 7.5%) |
| Vacant Housing Units | 23 ( 5.7%) |
| Median Home Value | $289,205 |
| Average Home Value | $303,285 |
Housing Distribution
Address Breakdown
Residential
368
Single Family
368
Multi-Family
0
Businesses
12
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