16989 Seventeen Mile RdLeroyMI49655
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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 Leroy at 16989 Seventeen Mile Rd, Leroy, MI, 49655 offers a 5.92% rental yield on a $374,800 purchase with $1,849/mo rent. 9% in year one. Equity gained on principal adds $2,419/yr while 5% annual appreciation supports $103,550 over five years. Portfolio math shows five-year ROI at 71.15% and total cumulative return in cash at $88,404. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,849/mo property income against a $1,834/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
26.91 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49655, Leroy, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,850 (100%) |
| Owner Occupied HU | 1,174 (63.5%) |
| Renter Occupied HU | 113 ( 6.1%) |
| Vacant Housing Units | 563 (30.4%) |
| Median Home Value | $182,941 |
| Average Home Value | $208,863 |
Housing Distribution
Address Breakdown
Residential
1,349
Single Family
1,349
Multi-Family
0
Businesses
54
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