1402 Chestnut StCadillacMI49601
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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 Cadillac at 1402 Chestnut St, Cadillac, MI, 49601 priced at $153,500 pairs $1,230/mo rent with $218/mo cash flow after a $751/mo payment. Total monthly income equals $1,230/mo, and annual cash flow comes to $2,617/yr on $50,885 invested. Return on cash invested is 25.05% in year one, and rental yield stands at 9.62% on a $153,500 basis. Equity gained on principal adds $991/yr, and 5% annual appreciation accumulates to $42,409 by year five. Five-year ROI measures 131.05% and total cumulative return in cash reaches $66,685. For financing, Ziffy Mortgage’s DSCR program evaluates $1,230/mo property income against a $751/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1946
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49601, Cadillac, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,792 (100%) |
| Owner Occupied HU | 6,921 (64.1%) |
| Renter Occupied HU | 2,336 (21.6%) |
| Vacant Housing Units | 1,535 (14.2%) |
| Median Home Value | $181,348 |
| Average Home Value | $216,653 |
Housing Distribution
Address Breakdown
Residential
9,540
Single Family
9,123
Multi-Family
417
Businesses
1,025
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