1267 W Channel StBitelyMI49309
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 Bitely at 1267 W Channel St, Bitely, MI, 49309 priced at $239,000 converts $2,186/mo rent into $610/mo cash flow after a $1,170/mo obligation. Total monthly income equals $2,186/mo, and annual cash flow totals $7,316/yr on $79,229 invested. Return on cash invested prints 29.14% in year one, and rental yield reads 10.98% against a $239,000 entry. Equity gained on principal adds $1,542/yr, while 5% annual appreciation compiles into $66,031 by year five. Five-year ROI reaches 152.92% and total cumulative return in cash sums $121,152. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,186/mo property income covering a $1,170/mo payment, not borrower’s personal income.
Single Family
Built in 1970
0.94 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49309, Bitely, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,132 (100%) |
| Owner Occupied HU | 796 (37.3%) |
| Renter Occupied HU | 106 ( 5.0%) |
| Vacant Housing Units | 1,230 (57.7%) |
| Median Home Value | $185,333 |
| Average Home Value | $244,881 |
Housing Distribution
Address Breakdown
Residential
1,100
Single Family
1,100
Multi-Family
0
Businesses
33
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