217 3rd StFentonMI48430
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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 Fenton at 217 3rd St, Fenton, MI, 48430 uses $97,793 cash to close to unlock $10,722/yr annual cash flow and $894/mo monthly cash flow. Total monthly income runs $2,839/mo, and a $1,444/mo payment keeps the spread at $894/mo. Purchase price stands at $295,000, and rental yield measures 11.55% with $2,839/mo rent. Return on cash invested shows 30.87% in year one, and 5% annual appreciation builds toward $81,503 over five years. Five-year ROI reaches 162.19% and total cumulative return in cash records $158,606. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,839/mo property income covering a $1,444/mo payment rather than investor’s personal income.
Single Family
Built in 1890
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48430, Fenton, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,916 (100%) |
| Owner Occupied HU | 12,868 (76.1%) |
| Renter Occupied HU | 3,053 (18.0%) |
| Vacant Housing Units | 995 ( 5.9%) |
| Median Home Value | $353,352 |
| Average Home Value | $414,915 |
Housing Distribution
Address Breakdown
Residential
16,904
Single Family
14,726
Multi-Family
2,178
Businesses
1,070
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