1496 W Mulberry RdJasperMI49248
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 Jasper at 1496 W Mulberry Rd, Jasper, MI, 49248 offers $1,220/mo rent that, after a $636/mo payment, leaves $363/mo cash flow. Total monthly income is $1,220/mo, and annual cash flow is $4,358/yr on $43,062 cash. Return on cash invested measures 30.03% in year one, and rental yield stands at 11.27% at a $129,900 entry. Equity gained on principal adds $838/yr while 5% annual appreciation compounds into $35,889 by year five. Five-year ROI records 157.77% and total cumulative return in cash reaches $67,939. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,220/mo property income versus a $636/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1945
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49248, Jasper, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 383 (100%) |
| Owner Occupied HU | 317 (82.8%) |
| Renter Occupied HU | 37 ( 9.7%) |
| Vacant Housing Units | 29 ( 7.6%) |
| Median Home Value | $254,091 |
| Average Home Value | $337,240 |
Housing Distribution
Address Breakdown
Residential
305
Single Family
305
Multi-Family
0
Businesses
15
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Nearby investment properties with comparable prices
