17535 Eighteen 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 17535 Eighteen Mile Rd, Leroy, MI, 49655 uses $61,294 cash to close to unlock $5,456/yr annual cash flow and $455/mo monthly cash flow. Total monthly income runs $1,674/mo, and a $905/mo payment keeps the spread at $455/mo. Purchase price stands at $184,900, and rental yield measures 10.86% with $1,674/mo rent. Return on cash invested shows 28.81% in year one, and 5% annual appreciation builds toward $51,084 over five years. Five-year ROI reaches 151.13% and total cumulative return in cash records $92,635. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,674/mo property income covering a $905/mo payment rather than investor’s personal income.
Single Family
Built in 1940
1.09 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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