211 E Main StAddisonMI49220
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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 Addison at 211 E Main St, Addison, MI, 49220 with 5% annual appreciation on a $750,000 basis while $1,367/mo rent supports operations. 65% in year one. Equity gained on principal adds $4,840/yr, and five-year appreciation sums $207,211 alongside rental yield of 2.19%. Five-year ROI measures 10.81% and total cumulative return in cash totals $26,682. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,367/mo property income versus a $3,671/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1973
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49220, Addison, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,362 (100%) |
| Owner Occupied HU | 908 (66.7%) |
| Renter Occupied HU | 193 (14.2%) |
| Vacant Housing Units | 261 (19.2%) |
| Median Home Value | $280,435 |
| Average Home Value | $323,092 |
Housing Distribution
Address Breakdown
Residential
1,015
Single Family
1,005
Multi-Family
10
Businesses
64
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