124 Horseshoe DrLeroyMI49655
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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 Leroy at 124 Horseshoe Dr, Leroy, MI, 49655 priced at $360,000 pairs $2,879/mo rent with $505/mo cash flow after a $1,762/mo payment. Total monthly income equals $2,879/mo, and annual cash flow comes to $6,060/yr on $119,340 invested. Return on cash invested is 24.99% in year one, and rental yield stands at 9.6% on a $360,000 basis. Equity gained on principal adds $2,323/yr, and 5% annual appreciation accumulates to $99,461 by year five. Five-year ROI measures 130.6% and total cumulative return in cash reaches $155,853. For financing, Ziffy Mortgage’s DSCR program evaluates $2,879/mo property income against a $1,762/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2002
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49655, Leroy, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,850 (100%) |
| Owner Occupied HU | 1,174 (63.5%) |
| Renter Occupied HU | 113 ( 6.1%) |
| Vacant Housing Units | 563 (30.4%) |
| Median Home Value | $182,941 |
| Average Home Value | $208,863 |
Housing Distribution
Address Breakdown
Residential
1,349
Single Family
1,349
Multi-Family
0
Businesses
54
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