123 W Madison StBig RapidsMI49307
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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 Big Rapids at 123 W Madison St, Big Rapids, MI, 49307 generates $1,376/mo in rent, after a $1,076/mo payment. Total monthly income is $1,376/mo. Return on cash invested sits at 17.06% in year one, and rental yield is 7.51% on a $219,900 entry. Equity gained on principal adds $1,419/yr, while 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 88.77% and total cumulative return in cash sums $64,708. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,376/mo property income rather than buyer’s personal income.
Multi Family
Built in 1900
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49307, Big Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,216 (100%) |
| Owner Occupied HU | 4,118 (50.1%) |
| Renter Occupied HU | 2,716 (33.1%) |
| Vacant Housing Units | 1,382 (16.8%) |
| Median Home Value | $182,919 |
| Average Home Value | $215,984 |
Housing Distribution
Address Breakdown
Residential
8,009
Single Family
7,243
Multi-Family
766
Businesses
704
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Listed by: Maria C Saucedo Salas • Independence Realty (Wyoming)
Mls Name: MichRIC
Mls Provider:
Mls ID: #24050019
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.