14605 Apple AveRavennaMI49451
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 14605 Apple Ave, Ravenna, MI, 49451 in Ravenna: $1,754/mo in rent, $832/mo net, 15.05% gross yield, all on a $139,900 acquisition. The 2.79 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $38,652 in value, and $1,288/yr in principal paydown steadily builds equity. Projected total cumulative return: $106,852.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 15.1% | 6.0% |
| Monthly Cash Flow | $832 | $850 |
City averages based on Ravenna market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,754 |
| Total Monthly Debt Service | $867 |
| DSCR Ratio | 2.02x |
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.
Lot
Built in N/A
3 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49451, Ravenna, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,211 (100%) |
| Owner Occupied HU | 1,916 (86.7%) |
| Renter Occupied HU | 208 ( 9.4%) |
| Vacant Housing Units | 87 ( 3.9%) |
| Median Home Value | $269,377 |
| Average Home Value | $315,956 |
Housing Distribution
Address Breakdown
Residential
2,313
Single Family
2,229
Multi-Family
84
Businesses
116
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
Lot
Built in N/A
3 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49451, Ravenna, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,211 (100%) |
| Owner Occupied HU | 1,916 (86.7%) |
| Renter Occupied HU | 208 ( 9.4%) |
| Vacant Housing Units | 87 ( 3.9%) |
| Median Home Value | $269,377 |
| Average Home Value | $315,956 |
Housing Distribution
Address Breakdown
Residential
2,313
Single Family
2,229
Multi-Family
84
Businesses
116
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices