1587 64th St SWByron CenterMI49315
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 Byron Center at 1587 64th St SW, Byron Center, MI, 49315 earns $94/mo cash flow from $2,138/mo rent with a $1,517/mo payment. Total monthly income totals $2,138/mo, and annual cash flow totals $1,130/yr on $102,732 capital. ROI tracks 21.01% on current figures, and rental yield reads 8.28% at a $309,900 purchase. Equity gained on principal adds $2,000/yr, and 5% annual appreciation supports $85,620 over five years. Five-year ROI reaches 109.3% and total cumulative return in cash sums $112,284. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,138/mo property income instead of your personal income.
Single Family
Built in 1992
0.67 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49315, Byron Center, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,640 (100%) |
| Owner Occupied HU | 9,012 (84.7%) |
| Renter Occupied HU | 1,223 (11.5%) |
| Vacant Housing Units | 405 ( 3.8%) |
| Median Home Value | $391,039 |
| Average Home Value | $441,361 |
Housing Distribution
Address Breakdown
Residential
10,119
Single Family
9,510
Multi-Family
609
Businesses
824
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Nearby investment properties with comparable prices
Listed by: Derek R Zokoe • Century 21 Affiliated (GR)
Mls Name: MichRIC
Mls Provider:
Mls ID: #24052773
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.