21264 Meceola RdParisMI49338
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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 Paris at 21264 Meceola Rd, Paris, MI, 49338 uses $56,024 cash to close to unlock $7,640/yr annual cash flow and $637/mo monthly cash flow. Total monthly income runs $1,751/mo, and a $827/mo payment keeps the spread at $637/mo. Purchase price stands at $169,000, and rental yield measures 12.43% with $1,751/mo rent. Return on cash invested shows 33.55% in year one, and 5% annual appreciation builds toward $46,692 over five years. Five-year ROI reaches 176.51% and total cumulative return in cash records $98,887. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,751/mo property income covering a $827/mo payment rather than investor’s personal income.
Single Family
Built in N/A
3 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49338, Paris, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 982 (100%) |
| Owner Occupied HU | 691 (70.4%) |
| Renter Occupied HU | 120 (12.2%) |
| Vacant Housing Units | 171 (17.4%) |
| Median Home Value | $181,250 |
| Average Home Value | $208,969 |
Housing Distribution
Address Breakdown
Residential
829
Single Family
829
Multi-Family
0
Businesses
32
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