142 Irwin StBrooklynMI49230
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
Rental property for sale in Brooklyn at 142 Irwin St, Brooklyn, MI, 49230 priced at $140,000 converts $1,290/mo rent into $367/mo cash flow after a $685/mo obligation. Total monthly income equals $1,290/mo, and annual cash flow totals $4,404/yr on $46,410 invested. Return on cash invested prints 29.4% in year one, and rental yield reads 11.06% against a $140,000 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation compiles into $38,679 by year five. Five-year ROI reaches 154.23% and total cumulative return in cash sums $71,578. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,290/mo property income covering a $685/mo payment, not borrower’s personal income.
Condo
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49230, Brooklyn, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,239 (100%) |
| Owner Occupied HU | 4,032 (64.6%) |
| Renter Occupied HU | 493 ( 7.9%) |
| Vacant Housing Units | 1,714 (27.5%) |
| Median Home Value | $300,447 |
| Average Home Value | $341,062 |
Housing Distribution
Address Breakdown
Residential
5,485
Single Family
5,392
Multi-Family
93
Businesses
263
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices