1821 S Mears AveWhitehallMI49461
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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 Whitehall at 1821 S Mears Ave, Whitehall, MI, 49461 uses $112,047 cash to close to unlock $2,249/yr annual cash flow and $187/mo monthly cash flow. Total monthly income runs $2,416/mo, and a $1,654/mo payment keeps the spread at $187/mo. Purchase price stands at $338,000, and rental yield measures 8.58% with $2,416/mo rent. Return on cash invested shows 21.92% in year one, and 5% annual appreciation builds toward $93,383 over five years. Five-year ROI reaches 114.16% and total cumulative return in cash records $127,910. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,416/mo property income covering a $1,654/mo payment rather than investor’s personal income.
Single Family
Built in 1900
0.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49461, Whitehall, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,152 (100%) |
| Owner Occupied HU | 3,114 (75.0%) |
| Renter Occupied HU | 533 (12.8%) |
| Vacant Housing Units | 505 (12.2%) |
| Median Home Value | $262,468 |
| Average Home Value | $328,917 |
Housing Distribution
Address Breakdown
Residential
4,150
Single Family
3,978
Multi-Family
172
Businesses
272
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