12703 Ospreys WayDewittMI48820
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
Investment property for sale in Dewitt at 12703 Ospreys Way, Dewitt, MI, 48820 uses $194,077 cash to close to unlock $32,120/yr annual cash flow and $2,677/mo monthly cash flow. Total monthly income runs $6,604/mo, and a $2,887/mo payment keeps the spread at $2,677/mo. Purchase price stands at $589,900, and rental yield measures 13.43% with $6,604/mo rent. Return on cash invested shows 36.61% in year one, and 5% annual appreciation builds toward $162,978 over five years. Five-year ROI reaches 192.99% and total cumulative return in cash records $374,541. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,604/mo property income covering a $2,887/mo payment rather than investor’s personal income.
Single Family
Built in 2013
0.42 Acres lot
$N/A/sqft
$450 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48820, Dewitt, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,301 (100%) |
| Owner Occupied HU | 5,996 (82.1%) |
| Renter Occupied HU | 1,100 (15.1%) |
| Vacant Housing Units | 205 ( 2.8%) |
| Median Home Value | $350,447 |
| Average Home Value | $373,130 |
Housing Distribution
Address Breakdown
Residential
7,660
Single Family
6,974
Multi-Family
686
Businesses
447
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Nearby investment properties with comparable prices
Listed by: Missy Lord • RE/MAX Real Estate Pros Dewitt
Mls Name: Greater Lansing AOR
Mls Provider:
Mls ID: #283475
Disclaimer: IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Copyright 2023 Greater Lansing Association of REALTORS