1800 Dixon RdCaroMI48723
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 Caro at 1800 Dixon Rd, Caro, MI, 48723 priced at $279,900 converts $3,864/mo rent into $2,018/mo cash flow after a $1,370/mo obligation. Total monthly income equals $3,864/mo, and annual cash flow totals $24,218/yr on $92,787 invested. Return on cash invested prints 46.01% in year one, and rental yield reads 16.57% against a $279,900 entry. Equity gained on principal adds $1,806/yr, while 5% annual appreciation compiles into $77,331 by year five. Five-year ROI reaches 243.37% and total cumulative return in cash sums $225,817. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,864/mo property income covering a $1,370/mo payment, not borrower’s personal income.
Single Family
Built in 1996
1.15 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48723, Caro, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,270 (100%) |
| Owner Occupied HU | 3,730 (70.8%) |
| Renter Occupied HU | 1,083 (20.6%) |
| Vacant Housing Units | 457 ( 8.7%) |
| Median Home Value | $147,264 |
| Average Home Value | $179,741 |
Housing Distribution
Address Breakdown
Residential
5,078
Single Family
4,873
Multi-Family
205
Businesses
460
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Listed by: Jack Bader • BOMIC Real Estate
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50152076
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