1291 W Old Ferris LnBitelyMI49309
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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 Bitely at 1291 W Old Ferris Ln, Bitely, MI, 49309 earns $3,247/mo cash flow from $14,510/mo rent with a $8,316/mo payment. Total monthly income totals $14,510/mo, and annual cash flow totals $38,968/yr on $550,476 capital. ROI tracks 27.45% on current figures, and rental yield reads 10.25% at a $1,699,000 purchase. Equity gained on principal adds $10,963/yr, and 5% annual appreciation supports $469,402 over five years. Five-year ROI reaches 143.77% and total cumulative return in cash sums $791,405. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $14,510/mo property income instead of your personal income.
Single Family
Built in 1995
40 Acres lot
$N/A/sqft
$700 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49309, Bitely, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,132 (100%) |
| Owner Occupied HU | 796 (37.3%) |
| Renter Occupied HU | 106 ( 5.0%) |
| Vacant Housing Units | 1,230 (57.7%) |
| Median Home Value | $185,333 |
| Average Home Value | $244,881 |
Housing Distribution
Address Breakdown
Residential
1,100
Single Family
1,100
Multi-Family
0
Businesses
33
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