135 N Ridge RdCarsonvilleMI48419
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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
Total monthly income runs $1,921/mo, and a $1,957/mo payment. Purchase price stands at $399,900, and rental yield measures 5.76% with $1,921/mo rent. Return on cash invested shows 13.43% in year one, and 5% annual appreciation builds toward $110,485 over five years. Five-year ROI reaches 68.65% and total cumulative return in cash records $91,004. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,921/mo property income covering a $1,957/mo payment rather than investor’s personal income.
Single Family
Built in 1992
25.09 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48419, Carsonville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,318 (100%) |
| Owner Occupied HU | 808 (61.3%) |
| Renter Occupied HU | 150 (11.4%) |
| Vacant Housing Units | 360 (27.3%) |
| Median Home Value | $216,818 |
| Average Home Value | $269,087 |
Housing Distribution
Address Breakdown
Residential
1,128
Single Family
1,128
Multi-Family
0
Businesses
35
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Listed by: Malinda S. Kelly • Town & Country Realty-Lexington
Mls Name: MiRealSource
Mls ID: #50183299