1480 Shawnee AveIndian RiverMI49749
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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
Investment property for sale in Indian River at 1480 Shawnee Ave, Indian River, MI, 49749 uses $145,959 cash to close to unlock $4,110/yr annual cash flow and $342/mo monthly cash flow. Total monthly income runs $3,246/mo, and a $2,155/mo payment keeps the spread at $342/mo. Purchase price stands at $440,300, and rental yield measures 8.85% with $3,246/mo rent. Return on cash invested shows 22.72% in year one, and 5% annual appreciation builds toward $121,647 over five years. Five-year ROI reaches 118.49% and total cumulative return in cash records $172,940. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,246/mo property income covering a $2,155/mo payment rather than investor’s personal income.
Single Family
Built in N/A
3 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49749, Indian River, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,503 (100%) |
| Owner Occupied HU | 1,674 (47.8%) |
| Renter Occupied HU | 288 ( 8.2%) |
| Vacant Housing Units | 1,541 (44.0%) |
| Median Home Value | $245,946 |
| Average Home Value | $327,195 |
Housing Distribution
Address Breakdown
Residential
2,051
Single Family
2,051
Multi-Family
0
Businesses
215
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Listed by: N/A • N/A
Mls Name: Berkshire Hathaway HomeServices Michigan and Northern Indiana Real Estate
Mls ID: #201837828