20517 Park RdSkaneeMI49962
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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
Rental property for sale in Skanee at 20517 Park Rd, Skanee, MI, 49962 generates $2,260/mo in rent, after a $3,402/mo payment. Total monthly income is $2,260/mo. Return on cash invested sits at 7.87% in year one, and rental yield is 3.9% on a $695,000 entry. Equity gained on principal adds $4,485/yr, while 5% annual appreciation builds toward $192,016 over five years. Five-year ROI reaches 38.77% and total cumulative return in cash sums $88,650. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,260/mo property income rather than buyer’s personal income.
Single Family
Built in 1992
4.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49962, Skanee, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 459 (100%) |
| Owner Occupied HU | 136 (29.6%) |
| Renter Occupied HU | 13 ( 2.8%) |
| Vacant Housing Units | 310 (67.5%) |
| Median Home Value | $230,000 |
| Average Home Value | $254,063 |
Housing Distribution
Address Breakdown
Residential
162
Single Family
162
Multi-Family
0
Businesses
4
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