15645 Rich LnHickory CornersMI49060
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 Hickory Corners at 15645 Rich Ln, Hickory Corners, MI, 49060 uses $84,533 cash to close to unlock $1,422/yr annual cash flow and $119/mo monthly cash flow. Total monthly income runs $1,800/mo, and a $1,248/mo payment keeps the spread at $119/mo. Purchase price stands at $255,000, and rental yield measures 8.47% with $1,800/mo rent. Return on cash invested shows 21.59% in year one, and 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 112.43% and total cumulative return in cash records $95,036. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,800/mo property income covering a $1,248/mo payment rather than investor’s personal income.
Single Family
Built in 1959
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49060, Hickory Corners, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 901 (100%) |
| Owner Occupied HU | 662 (73.5%) |
| Renter Occupied HU | 92 (10.2%) |
| Vacant Housing Units | 147 (16.3%) |
| Median Home Value | $379,532 |
| Average Home Value | $837,696 |
Housing Distribution
Address Breakdown
Residential
847
Single Family
847
Multi-Family
0
Businesses
34
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Karen E Gustafson • Five Star Real Estate
Mls Name: MichRIC
Mls ID: #25033100