1550 W Chilberg RdScottvilleMI49454
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
Investment property for sale in Scottville at 1550 W Chilberg Rd, Scottville, MI, 49454 earns $1,236/mo cash flow from $5,054/mo rent with a $2,834/mo payment. Total monthly income totals $5,054/mo, and annual cash flow totals $14,828/yr on $190,491 capital. ROI tracks 27.84% on current figures, and rental yield reads 10.47% at a $579,000 purchase. Equity gained on principal adds $3,736/yr, and 5% annual appreciation supports $159,967 over five years. Five-year ROI reaches 145.9% and total cumulative return in cash sums $277,927. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,054/mo property income instead of your personal income.
Single Family
Built in 1983
0.77 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49454, Scottville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,062 (100%) |
| Owner Occupied HU | 1,528 (74.1%) |
| Renter Occupied HU | 298 (14.5%) |
| Vacant Housing Units | 236 (11.4%) |
| Median Home Value | $197,500 |
| Average Home Value | $236,271 |
Housing Distribution
Address Breakdown
Residential
1,907
Single Family
1,811
Multi-Family
96
Businesses
140
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Listed by: David Medendorp • Medendorp Real Estate Group
Mls Name: MichRIC
Mls Provider:
Mls ID: #24031019
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.