214 S Elm StHesperiaMI49421
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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
Rental property for sale in Hesperia at 214 S Elm St, Hesperia, MI, 49421 generates $2,821/mo in rent and, after a $1,419/mo payment, leaves $909/mo in cash flow. Total monthly income is $2,821/mo, and annual cash flow is $10,910/yr on $96,102 invested. Return on cash invested sits at 31.26% in year one, and rental yield is 11.68% on a $289,900 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation builds toward $80,094 over five years. Five-year ROI reaches 164.3% and total cumulative return in cash sums $157,893. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,821/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
2.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49421, Hesperia, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,963 (100%) |
| Owner Occupied HU | 2,022 (68.2%) |
| Renter Occupied HU | 326 (11.0%) |
| Vacant Housing Units | 615 (20.8%) |
| Median Home Value | $173,111 |
| Average Home Value | $207,914 |
Housing Distribution
Address Breakdown
Residential
2,436
Single Family
2,307
Multi-Family
129
Businesses
70
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