138 W Ridge CirLeroyMI49655
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowSolid, durable, and financeable, 138 W Ridge Cir, Leroy, MI, 49655 in Leroy earns a 10.66% gross yield at $154,900. Rent of $1,376/mo nets $348/mo after the $697/mo mortgage. The 1.97 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $42,796 and $1,427/yr in equity accumulation project a total cumulative return of $81,813.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.7% | 8.0% |
| Monthly Cash Flow | $348 | $200 |
City averages based on Leroy market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,376 |
| Total Monthly Debt Service | $960 |
| DSCR Ratio | 1.43x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Manufactured
Built in 1999
0.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49655, Leroy, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,850 (100%) |
| Owner Occupied HU | 1,174 (63.5%) |
| Renter Occupied HU | 113 ( 6.1%) |
| Vacant Housing Units | 563 (30.4%) |
| Median Home Value | $182,941 |
| Average Home Value | $208,863 |
Housing Distribution
Address Breakdown
Residential
1,349
Single Family
1,349
Multi-Family
0
Businesses
54
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
Manufactured
Built in 1999
0.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49655, Leroy, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,850 (100%) |
| Owner Occupied HU | 1,174 (63.5%) |
| Renter Occupied HU | 113 ( 6.1%) |
| Vacant Housing Units | 563 (30.4%) |
| Median Home Value | $182,941 |
| Average Home Value | $208,863 |
Housing Distribution
Address Breakdown
Residential
1,349
Single Family
1,349
Multi-Family
0
Businesses
54
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices