206 N Steer StAddisonMI49220
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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 Addison at 206 N Steer St, Addison, MI, 49220 generates $1,722/mo in rent and, after a $580/mo payment, leaves $941/mo in cash flow. Total monthly income is $1,722/mo, and annual cash flow is $11,289/yr on $39,250 invested. Return on cash invested sits at 48.67% in year one, and rental yield is 17.45% on a $118,400 entry. Equity gained on principal adds $764/yr, while 5% annual appreciation builds toward $32,712 over five years. Five-year ROI reaches 257.64% and total cumulative return in cash sums $101,121. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,722/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
4,356 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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