211 N Main StLelandMI49654
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 Leland at 211 N Main St, Leland, MI, 49654 at $1,400,000 posts ROI 12.5% with from $6,257/mo rent. Total monthly income equals $6,257/mo. Return on cash invested measures 12.5% and rental yield reads 5.36% at the current $1,400,000. Equity gained on principal adds $9,034/yr, and 5% annual appreciation supports $386,794 by year five. Five-year ROI prints 63.55% and total cumulative return in cash totals $288,259. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $6,257/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2024
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49654, Leland, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 735 (100%) |
| Owner Occupied HU | 300 (40.8%) |
| Renter Occupied HU | 24 ( 3.3%) |
| Vacant Housing Units | 411 (55.9%) |
| Median Home Value | $643,382 |
| Average Home Value | $807,108 |
Housing Distribution
Address Breakdown
Residential
86
Single Family
86
Multi-Family
0
Businesses
82
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Nearby investment properties with comparable prices
Listed by: Joel Peterson • J. Peterson Realty
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1926193
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2024 Northern Great Lakes REALTORS MLS. All Rights Reserved.