1784 N Ionia RdVermontvilleMI49096
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
Investment property for sale in Vermontville at 1784 N Ionia Rd, Vermontville, MI, 49096 at $405,000 posts ROI 24.72% with $539/mo cash flow from $3,209/mo rent. Total monthly income equals $3,209/mo, and annual cash flow records $6,462/yr on $134,258 to close. Return on cash invested measures 24.72% and rental yield reads 9.51% at the current $405,000. Equity gained on principal adds $2,613/yr, and 5% annual appreciation supports $111,894 by year five. Five-year ROI prints 129.19% and total cumulative return in cash totals $173,450.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,209/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1900
5.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49096, Vermontville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,240 (100%) |
| Owner Occupied HU | 1,002 (80.8%) |
| Renter Occupied HU | 164 (13.2%) |
| Vacant Housing Units | 74 ( 6.0%) |
| Median Home Value | $253,727 |
| Average Home Value | $293,565 |
Housing Distribution
Address Breakdown
Residential
1,200
Single Family
1,184
Multi-Family
16
Businesses
36
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brock Fletcher • Keller Williams Realty Lansing-East
Mls Name: Greater Lansing AOR
Mls Provider:
Mls ID: #282444
Disclaimer: IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Copyright 2023 Greater Lansing Association of REALTORS