20 S Shore DrAddisonMI49220
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
Investment property for sale in Addison at 20 S Shore Dr, Addison, MI, 49220 at $343,500 posts ROI 12.28% with from $1,541/mo rent. Total monthly income equals $1,541/mo. Return on cash invested measures 12.28% and rental yield reads 5.38% at the current $343,500. Equity gained on principal adds $2,217/yr, and 5% annual appreciation supports $94,903 by year five. Five-year ROI prints 62.5% and total cumulative return in cash totals $71,173. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,541/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1975
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49220, Addison, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,362 (100%) |
| Owner Occupied HU | 908 (66.7%) |
| Renter Occupied HU | 193 (14.2%) |
| Vacant Housing Units | 261 (19.2%) |
| Median Home Value | $280,435 |
| Average Home Value | $323,092 |
Housing Distribution
Address Breakdown
Residential
1,015
Single Family
1,005
Multi-Family
10
Businesses
64
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Nearby investment properties with comparable prices
Listed by: Dave Nagy • SMART REAL ESTATE, LLC
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1924372
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2024 Northern Great Lakes REALTORS MLS. All Rights Reserved.