172 S Manning StHillsdaleMI49242
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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 Hillsdale at 172 S Manning St, Hillsdale, MI, 49242 uses $52,974 cash to close to unlock $2,332/yr annual cash flow and $194/mo monthly cash flow. Total monthly income runs $1,248/mo, and a $782/mo payment keeps the spread at $194/mo. Purchase price stands at $159,800, and rental yield measures 9.37% with $1,248/mo rent. Return on cash invested shows 24.31% in year one, and 5% annual appreciation builds toward $44,150 over five years. Five-year ROI reaches 127.06% and total cumulative return in cash records $67,307. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,248/mo property income covering a $782/mo payment rather than investor’s personal income.
Single Family
Built in 1950
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49242, Hillsdale, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,762 (100%) |
| Owner Occupied HU | 4,061 (60.1%) |
| Renter Occupied HU | 1,845 (27.3%) |
| Vacant Housing Units | 856 (12.7%) |
| Median Home Value | $196,324 |
| Average Home Value | $226,490 |
Housing Distribution
Address Breakdown
Residential
6,129
Single Family
5,552
Multi-Family
577
Businesses
570
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