1203 Carriage DrTecumsehMI49286
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
Investment property for sale in Tecumseh at 1203 Carriage Dr, Tecumseh, MI, 49286 offers a 9.52% rental yield on a $234,900 purchase with $1,864/mo rent. 78% in year one. Equity gained on principal adds $1,516/yr while 5% annual appreciation supports $64,899 over five years. Portfolio math shows five-year ROI at 94.49% and total cumulative return in cash at $73,581. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,864/mo property income against a $1,150/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1997
1,742 sqft lot
$N/A/sqft
$600 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49286, Tecumseh, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,681 (100%) |
| Owner Occupied HU | 5,228 (78.3%) |
| Renter Occupied HU | 1,085 (16.2%) |
| Vacant Housing Units | 368 ( 5.5%) |
| Median Home Value | $242,452 |
| Average Home Value | $272,261 |
Housing Distribution
Address Breakdown
Residential
6,441
Single Family
6,049
Multi-Family
392
Businesses
453
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Harold 'Butch' Brighton • Irish Hills Realty
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50189859
Disclaimer: Source MLS: MiRealSource Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2025 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. [Click here for more information](/mls-disclaimers/#261)