18787 Corunna RdChesaningMI48616
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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 Chesaning at 18787 Corunna Rd, Chesaning, MI, 48616 offers a 7.08% rental yield on a $349,900 purchase with $2,063/mo rent. 38% in year one. Equity gained on principal adds $2,258/yr while 5% annual appreciation supports $96,671 over five years. Portfolio math shows five-year ROI at 89.82% and total cumulative return in cash at $104,178. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,063/mo property income against a $1,713/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1987
2.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48616, Chesaning, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,089 (100%) |
| Owner Occupied HU | 2,481 (80.3%) |
| Renter Occupied HU | 442 (14.3%) |
| Vacant Housing Units | 166 ( 5.4%) |
| Median Home Value | $183,597 |
| Average Home Value | $214,572 |
Housing Distribution
Address Breakdown
Residential
3,097
Single Family
2,991
Multi-Family
106
Businesses
215
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