132 N Stewart AveBig RapidsMI49307
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 Big Rapids at 132 N Stewart Ave, Big Rapids, MI, 49307 offers a 13.51% rental yield on a $175,000 purchase with $1,970/mo rent. Total monthly income registers $1,970/mo, and a $857/mo payment leaves $816/mo available for distribution. Annual cash flow reaches $9,786/yr on $58,013 to close, and return on cash invested stands at 36.78% in year one. Equity gained on principal adds $1,129/yr while 5% annual appreciation supports $48,349 over five years. Portfolio math shows five-year ROI at 193.87% and total cumulative return in cash at $112,471. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,970/mo property income against a $857/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49307, Big Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,216 (100%) |
| Owner Occupied HU | 4,118 (50.1%) |
| Renter Occupied HU | 2,716 (33.1%) |
| Vacant Housing Units | 1,382 (16.8%) |
| Median Home Value | $182,919 |
| Average Home Value | $215,984 |
Housing Distribution
Address Breakdown
Residential
8,009
Single Family
7,243
Multi-Family
766
Businesses
704
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jerry Garner • Century 21 Forward (BR)
Mls Name: MichRIC
Mls Provider:
Mls ID: #25022789
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.