127 Ida StAlleganMI49010
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 Allegan at 127 Ida St, Allegan, MI, 49010 priced at $199,900 pairs $1,808/mo rent with $490/mo cash flow after a $978/mo payment. Total monthly income equals $1,808/mo, and annual cash flow comes to $5,882/yr on $66,267 invested. Return on cash invested is 28.79% in year one, and rental yield stands at 10.85% on a $199,900 basis. Equity gained on principal adds $1,290/yr, and 5% annual appreciation accumulates to $55,229 by year five. Five-year ROI measures 151.04% and total cumulative return in cash reaches $100,093. For financing, Ziffy Mortgage’s DSCR program evaluates $1,808/mo property income against a $978/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1940
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49010, Allegan, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,995 (100%) |
| Owner Occupied HU | 5,834 (73.0%) |
| Renter Occupied HU | 1,343 (16.8%) |
| Vacant Housing Units | 818 (10.2%) |
| Median Home Value | $253,605 |
| Average Home Value | $286,559 |
Housing Distribution
Address Breakdown
Residential
7,618
Single Family
7,132
Multi-Family
486
Businesses
470
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
