16473 Mitchell Creek TrlBig RapidsMI49307
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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
Investment property for sale in Big Rapids at 16473 Mitchell Creek Trl, Big Rapids, MI, 49307 listed at $497,500 pairs $3,914/mo rent with a $2,435/mo payment to leave $633/mo cash flow. Total monthly income runs $3,914/mo, and annual cash flow reaches $7,599/yr on $164,921 cash to close. Return on cash invested measures 24.52% in year one, and rental yield registers 9.44% at a $497,500 basis. Equity gained on principal adds $3,210/yr, and annual property appreciation at 5% supports $137,450 by year five. Five-year ROI tracks 128.1% and total cumulative return in cash totals $211,263. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,914/mo property income relative to a $2,435/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Home Type Unknown
Built in N/A
1.11 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49307, Big Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,216 (100%) |
| Owner Occupied HU | 4,118 (50.1%) |
| Renter Occupied HU | 2,716 (33.1%) |
| Vacant Housing Units | 1,382 (16.8%) |
| Median Home Value | $182,919 |
| Average Home Value | $215,984 |
Housing Distribution
Address Breakdown
Residential
8,009
Single Family
7,243
Multi-Family
766
Businesses
704
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A