20225 23 Mile RdParisMI49338
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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 Paris at 20225 23 Mile Rd, Paris, MI, 49338 uses $38,951 cash to close to unlock $3,783/yr annual cash flow and $315/mo monthly cash flow. Total monthly income runs $1,090/mo, and a $575/mo payment keeps the spread at $315/mo. Purchase price stands at $117,500, and rental yield measures 11.13% with $1,090/mo rent. Return on cash invested shows 29.62% in year one, and 5% annual appreciation builds toward $32,463 over five years. Five-year ROI reaches 155.58% and total cumulative return in cash records $60,602. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,090/mo property income covering a $575/mo payment rather than investor’s personal income.
Single Family
Built in N/A
1.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49338, Paris, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 982 (100%) |
| Owner Occupied HU | 691 (70.4%) |
| Renter Occupied HU | 120 (12.2%) |
| Vacant Housing Units | 171 (17.4%) |
| Median Home Value | $181,250 |
| Average Home Value | $208,969 |
Housing Distribution
Address Breakdown
Residential
829
Single Family
829
Multi-Family
0
Businesses
32
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