21602 26 Mile RdOlivetMI49076
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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 Olivet at 21602 26 Mile Rd, Olivet, MI, 49076 earns $511/mo cash flow from $2,094/mo rent with a $1,175/mo payment. Total monthly income totals $2,094/mo, and annual cash flow totals $6,132/yr on $79,560 capital. ROI tracks 27.62% on current figures, and rental yield reads 10.47% at a $240,000 purchase. Equity gained on principal adds $1,549/yr, and 5% annual appreciation supports $66,308 over five years. Five-year ROI reaches 144.69% and total cumulative return in cash sums $115,118. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,094/mo property income instead of your personal income.
Single Family
Built in 1920
10.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49076, Olivet, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,550 (100%) |
| Owner Occupied HU | 1,189 (76.7%) |
| Renter Occupied HU | 217 (14.0%) |
| Vacant Housing Units | 144 ( 9.3%) |
| Median Home Value | $256,538 |
| Average Home Value | $284,251 |
Housing Distribution
Address Breakdown
Residential
1,507
Single Family
1,422
Multi-Family
85
Businesses
95
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