124 Berkshire AveCaspianMI49915
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
Rental property for sale in Caspian at 124 Berkshire Ave, Caspian, MI, 49915 offers $1,391/mo rent that, after a $504/mo payment, leaves $712/mo cash flow. Total monthly income is $1,391/mo, and annual cash flow is $8,543/yr on $34,145 cash. Return on cash invested measures 44.93% in year one, and rental yield stands at 16.21% at a $103,000 entry. Equity gained on principal adds $665/yr while 5% annual appreciation compounds into $28,457 by year five. Five-year ROI records 237.54% and total cumulative return in cash reaches $81,106. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,391/mo property income versus a $504/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1937
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49915, Caspian, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 420 (100%) |
| Owner Occupied HU | 258 (61.4%) |
| Renter Occupied HU | 91 (21.7%) |
| Vacant Housing Units | 71 (16.9%) |
| Median Home Value | $105,488 |
| Average Home Value | $180,320 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
25
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Listed by: STEPHEN REMONDINI • STEPHENS REAL ESTATE
Mls Name: GNMLS
Mls Provider:
Mls ID: #212582
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.