13599 120th AveRodneyMI49342
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 Rodney at 13599 120th Ave, Rodney, MI, 49342 offers a 9.41% rental yield on a $159,900 purchase with $1,254/mo rent. Total monthly income registers $1,254/mo, and a $783/mo payment leaves $199/mo available for distribution. Annual cash flow reaches $2,390/yr on $53,007 to close, and return on cash invested stands at 24.42% in year one. Equity gained on principal adds $1,032/yr while 5% annual appreciation supports $44,177 over five years. Portfolio math shows five-year ROI at 127.63% and total cumulative return in cash at $67,650. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,254/mo property income against a $783/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1997
2.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49342, Rodney, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 968 (100%) |
| Owner Occupied HU | 545 (56.3%) |
| Renter Occupied HU | 68 ( 7.0%) |
| Vacant Housing Units | 355 (36.7%) |
| Median Home Value | $192,788 |
| Average Home Value | $225,697 |
Housing Distribution
Address Breakdown
Residential
763
Single Family
763
Multi-Family
0
Businesses
15
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