129 E Forteen Mile RdDafterMI49724
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 Dafter at 129 E Forteen Mile Rd, Dafter, MI, 49724 earns $865/mo cash flow from $3,173/mo rent with a $1,713/mo payment. Total monthly income totals $3,173/mo, and annual cash flow totals $10,380/yr on $116,025 capital. ROI tracks 28.86% on current figures, and rental yield reads 10.88% at a $350,000 purchase. Equity gained on principal adds $2,258/yr, and 5% annual appreciation supports $96,699 over five years. Five-year ROI reaches 151.33% and total cumulative return in cash sums $175,586. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,173/mo property income instead of your personal income.
Single Family
Built in 1962
9.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49724, Dafter, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 519 (100%) |
| Owner Occupied HU | 416 (80.2%) |
| Renter Occupied HU | 33 ( 6.4%) |
| Vacant Housing Units | 70 (13.5%) |
| Median Home Value | $187,273 |
| Average Home Value | $203,708 |
Housing Distribution
Address Breakdown
Residential
503
Single Family
503
Multi-Family
0
Businesses
16
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices