208 Meadow DrAugustaMI49012
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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 Augusta at 208 Meadow Dr, Augusta, MI, 49012 offers a 11.18% rental yield on a $145,000 purchase with $1,351/mo rent. Total monthly income registers $1,351/mo, and a $710/mo payment leaves $395/mo available for distribution. Annual cash flow reaches $4,734/yr on $48,068 to close, and return on cash invested stands at 29.76% in year one. Equity gained on principal adds $936/yr while 5% annual appreciation supports $40,061 over five years. Portfolio math shows five-year ROI at 156.22% and total cumulative return in cash at $75,092. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,351/mo property income against a $710/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49012, Augusta, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,412 (100%) |
| Owner Occupied HU | 1,172 (83.0%) |
| Renter Occupied HU | 159 (11.3%) |
| Vacant Housing Units | 81 ( 5.7%) |
| Median Home Value | $350,376 |
| Average Home Value | $446,826 |
Housing Distribution
Address Breakdown
Residential
1,501
Single Family
1,478
Multi-Family
23
Businesses
58
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