146 Steamburg DrEast LeroyMI49051
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 East Leroy at 146 Steamburg Dr, East Leroy, MI, 49051 priced at $525,000 pairs $3,156/mo rent with after a $2,570/mo payment. Total monthly income equals $3,156/mo. Return on cash invested is 17.93% in year one, and rental yield stands at 7.21% on a $525,000 basis. Equity gained on principal adds $3,388/yr, and 5% annual appreciation accumulates to $145,048 by year five. Five-year ROI measures 92.75% and total cumulative return in cash reaches $160,197. For financing, Ziffy Mortgage’s DSCR program evaluates $3,156/mo property income against a $2,570/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1999
0.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49051, East Leroy, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 923 (100%) |
| Owner Occupied HU | 837 (90.7%) |
| Renter Occupied HU | 59 ( 6.4%) |
| Vacant Housing Units | 27 ( 2.9%) |
| Median Home Value | $281,459 |
| Average Home Value | $320,872 |
Housing Distribution
Address Breakdown
Residential
971
Single Family
970
Multi-Family
1
Businesses
34
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Raymond Yager • EXP Realty
Mls Name: MichRIC
Mls ID: #25061843