12224 Maple StMontgomeryMI49255
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 Montgomery at 12224 Maple St, Montgomery, MI, 49255 offers a 7.63% rental yield on a $299,000 purchase with $1,902/mo rent. 07% in year one. Equity gained on principal adds $1,929/yr while 5% annual appreciation supports $82,608 over five years. Portfolio math shows five-year ROI at 98.89% and total cumulative return in cash at $98,014. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,902/mo property income against a $1,463/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1995
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49255, Montgomery, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 808 (100%) |
| Owner Occupied HU | 544 (67.3%) |
| Renter Occupied HU | 103 (12.7%) |
| Vacant Housing Units | 161 (19.9%) |
| Median Home Value | $197,297 |
| Average Home Value | $275,524 |
Housing Distribution
Address Breakdown
Residential
662
Single Family
662
Multi-Family
0
Businesses
8
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Nearby investment properties with comparable prices
Listed by: Darin W Spieth • Spieth & Satow Auctions & Real Estate
Mls Name: MichRIC
Mls Provider:
Mls ID: #24055057
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.