13047 Heather LnPerryMI48872
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 Perry at 13047 Heather Ln, Perry, MI, 48872 offers a 8.28% rental yield on a $269,900 purchase with $1,862/mo rent. Total monthly income registers $1,862/mo, and a $1,321/mo payment leaves $82/mo available for distribution. Annual cash flow reaches $986/yr on $89,472 to close, and return on cash invested stands at 21.01% in year one. Equity gained on principal adds $1,742/yr while 5% annual appreciation supports $74,568 over five years. Portfolio math shows five-year ROI at 109.33% and total cumulative return in cash at $97,818. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,862/mo property income against a $1,321/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1980
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48872, Perry, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,016 (100%) |
| Owner Occupied HU | 2,444 (81.0%) |
| Renter Occupied HU | 437 (14.5%) |
| Vacant Housing Units | 135 ( 4.5%) |
| Median Home Value | $255,785 |
| Average Home Value | $276,841 |
Housing Distribution
Address Breakdown
Residential
2,885
Single Family
2,885
Multi-Family
0
Businesses
106
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