210 Mason StChesaningMI48616
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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 Chesaning at 210 Mason St, Chesaning, MI, 48616 priced at $199,900 converts $2,886/mo rent into $1,568/mo cash flow after a $978/mo obligation. Total monthly income equals $2,886/mo, and annual cash flow totals $18,818/yr on $66,267 invested. Return on cash invested prints 48.31% in year one, and rental yield reads 17.32% against a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation compiles into $55,229 by year five. Five-year ROI reaches 255.73% and total cumulative return in cash sums $169,465. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,886/mo property income covering a $978/mo payment, not borrower’s personal income.
Single Family
Built in 1930
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48616, Chesaning, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,089 (100%) |
| Owner Occupied HU | 2,481 (80.3%) |
| Renter Occupied HU | 442 (14.3%) |
| Vacant Housing Units | 166 ( 5.4%) |
| Median Home Value | $183,597 |
| Average Home Value | $214,572 |
Housing Distribution
Address Breakdown
Residential
3,097
Single Family
2,991
Multi-Family
106
Businesses
215
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Listed by: CAROL PERRY • Michigan Homes & Real Estate LLC
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50150914
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