2142 Belding AveFenwickMI48834
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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 Fenwick at 2142 Belding Ave, Fenwick, MI, 48834 uses $97,793 cash to close to unlock $2,022/yr annual cash flow and $169/mo monthly cash flow. Total monthly income runs $2,114/mo, and a $1,444/mo payment keeps the spread at $169/mo. Purchase price stands at $295,000, and rental yield measures 8.6% with $2,114/mo rent. Return on cash invested shows 21.98% in year one, and 5% annual appreciation builds toward $81,503 over five years. Five-year ROI reaches 114.49% and total cumulative return in cash records $111,962. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,114/mo property income covering a $1,444/mo payment rather than investor’s personal income.
Single Family
Built in 1920
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48834, Fenwick, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,061 (100%) |
| Owner Occupied HU | 844 (79.5%) |
| Renter Occupied HU | 119 (11.2%) |
| Vacant Housing Units | 98 ( 9.2%) |
| Median Home Value | $221,131 |
| Average Home Value | $260,749 |
Housing Distribution
Address Breakdown
Residential
926
Single Family
926
Multi-Family
0
Businesses
9
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