131 Applewood LnColumbusMI48063
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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 Columbus at 131 Applewood Ln, Columbus, MI, 48063 uses $40,283 cash to close to unlock $1,493/yr annual cash flow and $124/mo monthly cash flow. Total monthly income runs $926/mo, and a $595/mo payment keeps the spread at $124/mo. Purchase price stands at $121,517, and rental yield measures 9.14% with $926/mo rent. Return on cash invested shows 23.62% in year one, and 5% annual appreciation builds toward $33,573 over five years. Five-year ROI reaches 123.34% and total cumulative return in cash records $49,683. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $926/mo property income covering a $595/mo payment rather than investor’s personal income.
Manufactured
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48063, Columbus, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,681 (100%) |
| Owner Occupied HU | 1,433 (85.2%) |
| Renter Occupied HU | 191 (11.4%) |
| Vacant Housing Units | 57 ( 3.4%) |
| Median Home Value | $300,638 |
| Average Home Value | $327,926 |
Housing Distribution
Address Breakdown
Residential
1,706
Single Family
1,706
Multi-Family
0
Businesses
32
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