1909 Parnell Ave SEAdaMI49301
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 Ada at 1909 Parnell Ave SE, Ada, MI, 49301 priced at $541,900 pairs $4,603/mo rent with $1,030/mo cash flow after a $2,652/mo payment. Total monthly income equals $4,603/mo, and annual cash flow comes to $12,357/yr on $178,285 invested. Return on cash invested is 26.99% in year one, and rental yield stands at 10.19% on a $541,900 basis. Equity gained on principal adds $3,497/yr, and 5% annual appreciation accumulates to $149,717 by year five. Five-year ROI measures 141.32% and total cumulative return in cash reaches $251,951. For financing, Ziffy Mortgage’s DSCR program evaluates $4,603/mo property income against a $2,652/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1966
2.21 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49301, Ada, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,179 (100%) |
| Owner Occupied HU | 6,469 (90.1%) |
| Renter Occupied HU | 468 ( 6.5%) |
| Vacant Housing Units | 242 ( 3.4%) |
| Median Home Value | $522,633 |
| Average Home Value | $592,513 |
Housing Distribution
Address Breakdown
Residential
7,285
Single Family
7,076
Multi-Family
209
Businesses
611
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