2182 Ottawa TrlHastingsMI49058
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 Hastings at 2182 Ottawa Trl, Hastings, MI, 49058 uses $140,888 cash to close to unlock $4,770/yr annual cash flow and $398/mo monthly cash flow. Total monthly income runs $3,200/mo, and a $2,080/mo payment keeps the spread at $398/mo. Purchase price stands at $425,000, and rental yield measures 9.04% with $3,200/mo rent. Return on cash invested shows 23.29% in year one, and 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 121.54% and total cumulative return in cash records $171,233. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,200/mo property income covering a $2,080/mo payment rather than investor’s personal income.
Single Family
Built in 1980
0.85 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49058, Hastings, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,678 (100%) |
| Owner Occupied HU | 6,576 (75.8%) |
| Renter Occupied HU | 1,533 (17.7%) |
| Vacant Housing Units | 569 ( 6.6%) |
| Median Home Value | $241,902 |
| Average Home Value | $285,255 |
Housing Distribution
Address Breakdown
Residential
8,048
Single Family
7,837
Multi-Family
211
Businesses
564
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices