120 W Bond StHastingsMI49058
Nearby investment properties with comparable rents
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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 Hastings at 120 W Bond St, Hastings, MI, 49058 priced at $243,000 converts $1,596/mo rent into after a $1,189/mo obligation. Total monthly income equals $1,596/mo. Return on cash invested prints 19.82% in year one, and rental yield reads 7.88% against a $243,000 entry. Equity gained on principal adds $1,568/yr, while 5% annual appreciation compiles into $67,136 by year five. Five-year ROI reaches 102.89% and total cumulative return in cash sums $82,880. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,596/mo property income covering a $1,189/mo payment, not borrower’s personal income.
Single Family
Built in 1916
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49058, Hastings, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,678 (100%) |
| Owner Occupied HU | 6,576 (75.8%) |
| Renter Occupied HU | 1,533 (17.7%) |
| Vacant Housing Units | 569 ( 6.6%) |
| Median Home Value | $241,902 |
| Average Home Value | $285,255 |
Housing Distribution
Address Breakdown
Residential
8,048
Single Family
7,837
Multi-Family
211
Businesses
564
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