12383 24th AveMarneMI49435
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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 Marne at 12383 24th Ave, Marne, MI, 49435 generates $5,797/mo in rent and, after a $4,160/mo payment, leaves $192/mo in cash flow. Total monthly income is $5,797/mo, and annual cash flow is $2,306/yr on $279,617 invested. Return on cash invested sits at 20.88% in year one, and rental yield is 8.18% on a $849,900 entry. Equity gained on principal adds $5,484/yr, while 5% annual appreciation builds toward $234,812 over five years. Five-year ROI reaches 108.59% and total cumulative return in cash sums $303,626. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,797/mo property income rather than buyer’s personal income.
Single Family
Built in 1990
3.86 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49435, Marne, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,533 (100%) |
| Owner Occupied HU | 1,307 (85.3%) |
| Renter Occupied HU | 168 (11.0%) |
| Vacant Housing Units | 58 ( 3.8%) |
| Median Home Value | $434,198 |
| Average Home Value | $445,469 |
Housing Distribution
Address Breakdown
Residential
1,310
Single Family
1,310
Multi-Family
0
Businesses
117
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