12741 Ontonagon DrDewittMI48820
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 Dewitt at 12741 Ontonagon Dr, Dewitt, MI, 48820 generates $2,013/mo in rent, after a $1,762/mo payment. Total monthly income is $2,013/mo. Return on cash invested sits at 16.28% in year one, and rental yield is 6.71% on a $359,900 entry. Equity gained on principal adds $2,322/yr, while 5% annual appreciation builds toward $99,434 over five years. Five-year ROI reaches 83.94% and total cumulative return in cash sums $100,142. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,013/mo property income rather than buyer’s personal income.
Single Family
Built in 1994
8,276 sqft lot
$N/A/sqft
No 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: Jamie Bates Homes • RE/MAX Real Estate Professionals Dewitt
Mls Name: Greater Lansing AOR
Mls Provider:
Mls ID: #290525
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 2025 Greater Lansing Association of REALTORS