151 Grand StCasnoviaMI49318
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 Casnovia at 151 Grand St, Casnovia, MI, 49318 offers $2,425/mo rent that, after a $1,223/mo payment, leaves $777/mo cash flow. Total monthly income is $2,425/mo, and annual cash flow is $9,326/yr on $82,842 cash. Return on cash invested measures 31.17% in year one, and rental yield stands at 11.64% at a $249,900 entry. Equity gained on principal adds $1,613/yr while 5% annual appreciation compounds into $69,043 by year five. Five-year ROI records 163.8% and total cumulative return in cash reaches $135,698. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,425/mo property income versus a $1,223/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1941
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49318, Casnovia, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 703 (100%) |
| Owner Occupied HU | 578 (82.2%) |
| Renter Occupied HU | 71 (10.1%) |
| Vacant Housing Units | 54 ( 7.7%) |
| Median Home Value | $269,068 |
| Average Home Value | $316,514 |
Housing Distribution
Address Breakdown
Residential
487
Single Family
487
Multi-Family
0
Businesses
29
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
