1692 Erway RdHastingsMI49058
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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 Hastings at 1692 Erway Rd, Hastings, MI, 49058 earns $86/mo cash flow from $1,536/mo rent with a $1,076/mo payment. Total monthly income totals $1,536/mo, and annual cash flow totals $1,034/yr on $72,897 capital. ROI tracks 21.33% on current figures, and rental yield reads 8.38% at a $219,900 purchase. Equity gained on principal adds $1,419/yr, and 5% annual appreciation supports $60,754 over five years. Five-year ROI reaches 111.04% and total cumulative return in cash sums $80,944. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,536/mo property income instead of your personal income.
Single Family
Built in 1945
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49058, Hastings, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,678 (100%) |
| Owner Occupied HU | 6,576 (75.8%) |
| Renter Occupied HU | 1,533 (17.7%) |
| Vacant Housing Units | 569 ( 6.6%) |
| Median Home Value | $241,902 |
| Average Home Value | $285,255 |
Housing Distribution
Address Breakdown
Residential
8,048
Single Family
7,837
Multi-Family
211
Businesses
564
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