18119 28th AveConklinMI49403
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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
Rental property for sale in Conklin at 18119 28th Ave, Conklin, MI, 49403 generates $3,096/mo in rent and, after a $1,664/mo payment, leaves $854/mo in cash flow. Total monthly income is $3,096/mo, and annual cash flow is $10,250/yr on $112,677 invested. Return on cash invested sits at 29.01% in year one, and rental yield is 10.93% on a $339,900 entry. Equity gained on principal adds $2,193/yr, while 5% annual appreciation builds toward $93,908 over five years. Five-year ROI reaches 152.2% and total cumulative return in cash sums $171,491. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,096/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
1.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49403, Conklin, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 951 (100%) |
| Owner Occupied HU | 817 (85.9%) |
| Renter Occupied HU | 79 ( 8.3%) |
| Vacant Housing Units | 55 ( 5.8%) |
| Median Home Value | $359,665 |
| Average Home Value | $413,127 |
Housing Distribution
Address Breakdown
Residential
927
Single Family
927
Multi-Family
0
Businesses
36
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