1776 E T AvePortageMI49002
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 Portage at 1776 E T Ave, Portage, MI, 49002 priced at $178,900 pairs $1,848/mo rent with $668/mo cash flow after a $876/mo payment. Total monthly income equals $1,848/mo, and annual cash flow comes to $8,014/yr on $59,305 invested. Return on cash invested is 33.42% in year one, and rental yield stands at 12.4% on a $178,900 basis. Equity gained on principal adds $1,154/yr, and 5% annual appreciation accumulates to $49,427 by year five. Five-year ROI measures 175.87% and total cumulative return in cash reaches $104,299. For financing, Ziffy Mortgage’s DSCR program evaluates $1,848/mo property income against a $876/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1950
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49002, Portage, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,137 (100%) |
| Owner Occupied HU | 6,111 (66.9%) |
| Renter Occupied HU | 2,675 (29.3%) |
| Vacant Housing Units | 351 ( 3.8%) |
| Median Home Value | $280,228 |
| Average Home Value | $316,779 |
Housing Distribution
Address Breakdown
Residential
9,014
Single Family
7,964
Multi-Family
1,050
Businesses
956
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