127 Hoose CtLitchfieldMI49252
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 Litchfield at 127 Hoose Ct, Litchfield, MI, 49252 offers $1,566/mo rent that, after a $611/mo payment, leaves $743/mo cash flow. Total monthly income is $1,566/mo, and annual cash flow is $8,912/yr on $41,404 cash. Return on cash invested measures 41.43% in year one, and rental yield stands at 15.05% at a $124,900 entry. Equity gained on principal adds $806/yr while 5% annual appreciation compounds into $34,508 by year five. Five-year ROI records 218.84% and total cumulative return in cash reaches $90,610. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,566/mo property income versus a $611/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49252, Litchfield, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,163 (100%) |
| Owner Occupied HU | 847 (72.8%) |
| Renter Occupied HU | 257 (22.1%) |
| Vacant Housing Units | 59 ( 5.1%) |
| Median Home Value | $150,107 |
| Average Home Value | $184,383 |
Housing Distribution
Address Breakdown
Residential
1,040
Single Family
1,016
Multi-Family
24
Businesses
79
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Listed by: Alicia Edison • Coldwell Banker Groves Real Estate
Mls Name: MichRIC
Mls Provider:
Mls ID: #24050572
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.