2104 E 88th StIdlewildMI49642
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
Investment property for sale in Idlewild at 2104 E 88th St, Idlewild, MI, 49642 offers a 11.25% rental yield on a $128,500 purchase with $1,205/mo rent. Total monthly income registers $1,205/mo, and a $629/mo payment leaves $358/mo available for distribution. Annual cash flow reaches $4,291/yr on $42,598 to close, and return on cash invested stands at 29.98% in year one. Equity gained on principal adds $829/yr while 5% annual appreciation supports $35,502 over five years. Portfolio math shows five-year ROI at 157.44% and total cumulative return in cash at $67,068. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,205/mo property income against a $629/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1959
10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49642, Idlewild, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,183 (100%) |
| Owner Occupied HU | 341 (28.8%) |
| Renter Occupied HU | 103 ( 8.7%) |
| Vacant Housing Units | 739 (62.5%) |
| Median Home Value | $156,786 |
| Average Home Value | $200,029 |
Housing Distribution
Address Breakdown
Residential
385
Single Family
362
Multi-Family
23
Businesses
24
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