211 Shiawassee StLaingsburgMI48848
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
Rental property for sale in Laingsburg at 211 Shiawassee St, Laingsburg, MI, 48848 priced at $179,900 converts $1,369/mo rent into $182/mo cash flow after a $881/mo obligation. Total monthly income equals $1,369/mo, and annual cash flow totals $2,186/yr on $59,637 invested. Return on cash invested prints 23.57% in year one, and rental yield reads 9.13% against a $179,900 entry. Equity gained on principal adds $1,161/yr, while 5% annual appreciation compiles into $49,703 by year five. Five-year ROI reaches 123.12% and total cumulative return in cash sums $73,425. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,369/mo property income covering a $881/mo payment, not borrower’s personal income.
Single Family
Built in 1981
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48848, Laingsburg, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,328 (100%) |
| Owner Occupied HU | 2,831 (85.1%) |
| Renter Occupied HU | 323 ( 9.7%) |
| Vacant Housing Units | 174 ( 5.2%) |
| Median Home Value | $301,497 |
| Average Home Value | $316,705 |
Housing Distribution
Address Breakdown
Residential
3,028
Single Family
3,000
Multi-Family
28
Businesses
106
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cody Chapman • Home Field Michigan Real Estate
Mls Name: MiRealSource
Mls ID: #50195624