210 N Van Buren StBloomingdaleMI49026
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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 Bloomingdale at 210 N Van Buren St, Bloomingdale, MI, 49026 earns $1,819/mo cash flow from $2,822/mo rent with a $711/mo payment. Total monthly income totals $2,822/mo, and annual cash flow totals $21,831/yr on $48,175 capital. ROI tracks 65.23% on current figures, and rental yield reads 23.3% at a $145,325 purchase. Equity gained on principal adds $938/yr, and 5% annual appreciation supports $40,151 over five years. Five-year ROI reaches 346.86% and total cumulative return in cash sums $167,102. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,822/mo property income instead of your personal income.
Single Family
Built in 1910
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49026, Bloomingdale, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,139 (100%) |
| Owner Occupied HU | 682 (59.9%) |
| Renter Occupied HU | 129 (11.3%) |
| Vacant Housing Units | 328 (28.8%) |
| Median Home Value | $241,406 |
| Average Home Value | $306,650 |
Housing Distribution
Address Breakdown
Residential
809
Single Family
791
Multi-Family
18
Businesses
60
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Listed by: Steven Revor • Berkshire Hathaway HomeServices MI
Mls Name: MichRIC
Mls Provider:
Mls ID: #24019325
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.