21 N Norwood AveHillsdaleMI49242
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
Rental property for sale in Hillsdale at 21 N Norwood Ave, Hillsdale, MI, 49242 priced at $240,000 converts $2,059/mo rent into $476/mo cash flow after a $1,175/mo obligation. Total monthly income equals $2,059/mo, and annual cash flow totals $5,712/yr on $79,560 invested. Return on cash invested prints 27.09% in year one, and rental yield reads 10.29% against a $240,000 entry. Equity gained on principal adds $1,549/yr, while 5% annual appreciation compiles into $66,308 by year five. Five-year ROI reaches 141.87% and total cumulative return in cash sums $112,874. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,059/mo property income covering a $1,175/mo payment, not borrower’s personal income.
Single Family
Built in 1900
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49242, Hillsdale, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,762 (100%) |
| Owner Occupied HU | 4,061 (60.1%) |
| Renter Occupied HU | 1,845 (27.3%) |
| Vacant Housing Units | 856 (12.7%) |
| Median Home Value | $196,324 |
| Average Home Value | $226,490 |
Housing Distribution
Address Breakdown
Residential
6,129
Single Family
5,552
Multi-Family
577
Businesses
570
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices