135 S Steer StAddisonMI49220
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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
Rental property for sale in Addison at 135 S Steer St, Addison, MI, 49220 priced at $139,900 pairs $1,059/mo rent with $136/mo cash flow after a $685/mo payment. Total monthly income equals $1,059/mo, and annual cash flow comes to $1,634/yr on $46,377 invested. Return on cash invested is 23.43% in year one, and rental yield stands at 9.08% on a $139,900 basis. Equity gained on principal adds $903/yr, and 5% annual appreciation accumulates to $38,652 by year five. Five-year ROI measures 122.34% and total cumulative return in cash reaches $56,739. For financing, Ziffy Mortgage’s DSCR program evaluates $1,059/mo property income against a $685/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1951
0.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49220, Addison, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,362 (100%) |
| Owner Occupied HU | 908 (66.7%) |
| Renter Occupied HU | 193 (14.2%) |
| Vacant Housing Units | 261 (19.2%) |
| Median Home Value | $280,435 |
| Average Home Value | $323,092 |
Housing Distribution
Address Breakdown
Residential
1,015
Single Family
1,005
Multi-Family
10
Businesses
64
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