147 Ashworth DrHortonMI49246
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 Horton at 147 Ashworth Dr, Horton, MI, 49246 offers $2,952/mo rent that, after a $4,895/mo payment. Total monthly income is $2,952/mo. Return on cash invested measures 6.77% in year one, and rental yield stands at 3.54% at a $1,000,000 entry. Equity gained on principal adds $6,453/yr while 5% annual appreciation compounds into $276,282 by year five. Five-year ROI records 32.89% and total cumulative return in cash reaches $108,208. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,952/mo property income versus a $4,895/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1998
2.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49246, Horton, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,567 (100%) |
| Owner Occupied HU | 1,277 (81.5%) |
| Renter Occupied HU | 77 ( 4.9%) |
| Vacant Housing Units | 213 (13.6%) |
| Median Home Value | $252,879 |
| Average Home Value | $314,839 |
Housing Distribution
Address Breakdown
Residential
1,348
Single Family
1,348
Multi-Family
0
Businesses
35
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Nearby investment properties with comparable prices
