13240 Primrose LnDewittMI48820
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 Dewitt at 13240 Primrose Ln, Dewitt, MI, 48820 earns $1,940/mo cash flow from $5,340/mo rent with a $2,508/mo payment. Total monthly income totals $5,340/mo, and annual cash flow totals $23,279/yr on $168,613 capital. ROI tracks 33.87% on current figures, and rental yield reads 12.5% at a $512,500 purchase. Equity gained on principal adds $3,307/yr, and 5% annual appreciation supports $141,594 over five years. Five-year ROI reaches 178.24% and total cumulative return in cash sums $300,536. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,340/mo property income instead of your personal income.
Single Family
Built in 2000
0.57 Acres lot
$N/A/sqft
$250 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48820, Dewitt, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,301 (100%) |
| Owner Occupied HU | 5,996 (82.1%) |
| Renter Occupied HU | 1,100 (15.1%) |
| Vacant Housing Units | 205 ( 2.8%) |
| Median Home Value | $350,447 |
| Average Home Value | $373,130 |
Housing Distribution
Address Breakdown
Residential
7,660
Single Family
6,974
Multi-Family
686
Businesses
447
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Nearby investment properties with comparable prices
Listed by: JerriLynn Osmar • Berkshire Hathaway HomeServices Tomie Raines
Mls Name: Greater Lansing AOR
Mls Provider:
Mls ID: #282247
Disclaimer: IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Copyright 2023 Greater Lansing Association of REALTORS