1515 E Litchfield RdJonesvilleMI49250
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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
Rental property for sale in Jonesville at 1515 E Litchfield Rd, Jonesville, MI, 49250 generates $2,743/mo in rent, after a $3,181/mo payment. Total monthly income is $2,743/mo. Return on cash invested sits at 11.4% in year one, and rental yield is 5.06% on a $649,900 entry. Equity gained on principal adds $4,194/yr, while 5% annual appreciation builds toward $179,555 over five years. Five-year ROI reaches 57.74% and total cumulative return in cash sums $123,450. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,743/mo property income rather than buyer’s personal income.
Single Family
Built in 2004
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49250, Jonesville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,553 (100%) |
| Owner Occupied HU | 1,922 (75.3%) |
| Renter Occupied HU | 433 (17.0%) |
| Vacant Housing Units | 198 ( 7.8%) |
| Median Home Value | $174,771 |
| Average Home Value | $201,833 |
Housing Distribution
Address Breakdown
Residential
2,436
Single Family
2,262
Multi-Family
174
Businesses
186
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Nearby investment properties with comparable prices
Listed by: Randy K Blonde • Midwestern Realty Group
Mls Name: MichRIC
Mls Provider:
Mls ID: #25031334
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.