215 Richlyn DrAdrianMI49221
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowSolid, durable, and financeable, 215 Richlyn Dr, Adrian, MI, 49221 in Adrian earns a 10.81% gross yield at $330,000. Rent of $2,972/mo nets $416/mo after the $1,484/mo mortgage. The 2.00 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $91,173 and $3,039/yr in equity accumulation project a total cumulative return of $154,107.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.8% | 8.2% |
| Monthly Cash Flow | $416 | $450 |
City averages based on Adrian market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,972 |
| Total Monthly Debt Service | $2,425 |
| DSCR Ratio | 1.23x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1990
N/A lot
$N/A/sqft
$380 monthly HOA
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
Condo
Built in 1990
N/A lot
$N/A/sqft
$380 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Adam Keller • Foundation Realty, LLC
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50182559
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