15899 Fillmore StWest OliveMI49460
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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 West Olive at 15899 Fillmore St, West Olive, MI, 49460 generates $2,640/mo in rent, after a $2,340/mo payment. Total monthly income is $2,640/mo. Return on cash invested sits at 16.03% in year one, and rental yield is 6.63% on a $478,000 entry. Equity gained on principal adds $3,084/yr, while 5% annual appreciation builds toward $132,063 over five years. Five-year ROI reaches 82.56% and total cumulative return in cash sums $130,825. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,640/mo property income rather than buyer’s personal income.
Single Family
Built in 2004
1.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49460, West Olive, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,031 (100%) |
| Owner Occupied HU | 3,340 (82.9%) |
| Renter Occupied HU | 268 ( 6.6%) |
| Vacant Housing Units | 423 (10.5%) |
| Median Home Value | $378,999 |
| Average Home Value | $441,543 |
Housing Distribution
Address Breakdown
Residential
3,784
Single Family
3,068
Multi-Family
716
Businesses
132
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Listed by: Rose A Williams • Epique Realty
Mls Name: MichRIC
Mls ID: #25046714