120 Prince StPlainwellMI49080
Nearby investment properties with comparable rents
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 Plainwell at 120 Prince St, Plainwell, MI, 49080 offers $2,473/mo rent that, after a $1,312/mo payment, leaves $705/mo cash flow. Total monthly income is $2,473/mo, and annual cash flow is $8,465/yr on $88,842 cash. Return on cash invested measures 29.44% in year one, and rental yield stands at 11.07% at a $268,000 entry. Equity gained on principal adds $1,729/yr while 5% annual appreciation compounds into $74,043 by year five. Five-year ROI records 154.5% and total cumulative return in cash reaches $137,265. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,473/mo property income versus a $1,312/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1957
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49080, Plainwell, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,662 (100%) |
| Owner Occupied HU | 5,063 (76.0%) |
| Renter Occupied HU | 1,106 (16.6%) |
| Vacant Housing Units | 493 ( 7.4%) |
| Median Home Value | $284,087 |
| Average Home Value | $341,288 |
Housing Distribution
Address Breakdown
Residential
6,466
Single Family
6,104
Multi-Family
362
Businesses
427
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