2022 Edward Ln WSmiths CreekMI48074
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 Smiths Creek at 2022 Edward Ln W, Smiths Creek, MI, 48074 listed at $340,000 pairs $2,228/mo rent with a $1,664/mo payment. Total monthly income runs $2,228/mo. Return on cash invested measures 19.76% in year one, and rental yield registers 7.86% at a $340,000 basis. Equity gained on principal adds $2,194/yr, and annual property appreciation at 5% supports $93,936 by year five. Five-year ROI tracks 102.57% and total cumulative return in cash totals $115,602. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,228/mo property income relative to a $1,664/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1999
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48074, Smiths Creek, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,000 (100%) |
| Owner Occupied HU | 3,330 (83.2%) |
| Renter Occupied HU | 461 (11.5%) |
| Vacant Housing Units | 209 ( 5.2%) |
| Median Home Value | $225,147 |
| Average Home Value | $291,718 |
Housing Distribution
Address Breakdown
Residential
3,932
Single Family
3,931
Multi-Family
1
Businesses
197
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Nearby investment properties with comparable prices
Listed by: Nicholas Tracy • Keller Williams Realty Lakeside
Mls Name: MiRealSource
Mls ID: #50192584