1648 W 4th StPrescottMI48756
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
Rental property for sale in Prescott at 1648 W 4th St, Prescott, MI, 48756 generates $2,290/mo in rent and, after a $582/mo payment, leaves $1,506/mo in cash flow. Total monthly income is $2,290/mo, and annual cash flow is $18,068/yr on $39,449 invested. Return on cash invested sits at 65.71% in year one, and rental yield is 23.09% on a $119,000 entry. Equity gained on principal adds $768/yr, while 5% annual appreciation builds toward $32,878 over five years. Five-year ROI reaches 349.02% and total cumulative return in cash sums $137,681. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,290/mo property income rather than buyer’s personal income.
Single Family
Built in 1980
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48756, Prescott, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,222 (100%) |
| Owner Occupied HU | 1,623 (50.4%) |
| Renter Occupied HU | 309 ( 9.6%) |
| Vacant Housing Units | 1,290 (40.0%) |
| Median Home Value | $104,388 |
| Average Home Value | $154,436 |
Housing Distribution
Address Breakdown
Residential
1,862
Single Family
1,828
Multi-Family
34
Businesses
60
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jenifer Johnson • C.A.HANES REALTY- M33
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1929138
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2024 Northern Great Lakes REALTORS MLS. All Rights Reserved.