217 S Center StStockbridgeMI49285
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
Investment Highlights
Investment property for sale in Stockbridge at 217 S Center St, Stockbridge, MI, 49285 offers a 9.6% rental yield on a $203,000 purchase with $1,624/mo rent. Total monthly income registers $1,624/mo, and a $994/mo payment leaves $285/mo available for distribution. Annual cash flow reaches $3,419/yr on $67,295 to close, and return on cash invested stands at 24.99% in year one. Equity gained on principal adds $1,310/yr while 5% annual appreciation supports $56,085 over five years. Portfolio math shows five-year ROI at 130.64% and total cumulative return in cash at $87,914. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,624/mo property income against a $994/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1920
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49285, Stockbridge, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,328 (100%) |
| Owner Occupied HU | 1,878 (80.7%) |
| Renter Occupied HU | 330 (14.2%) |
| Vacant Housing Units | 120 ( 5.2%) |
| Median Home Value | $283,200 |
| Average Home Value | $312,280 |
Housing Distribution
Address Breakdown
Residential
2,177
Single Family
2,129
Multi-Family
48
Businesses
126
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Listed by: Greg Uihlein • Howard Hanna Real Estate
Mls Name: MichRIC
Mls Provider:
Mls ID: #24029000
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.