2198 Riverwood DrOkemosMI48864
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 Okemos at 2198 Riverwood Dr, Okemos, MI, 48864 uses $128,954 cash to close to unlock $5,804/yr annual cash flow and $484/mo monthly cash flow. Total monthly income runs $3,049/mo, and a $1,904/mo payment keeps the spread at $484/mo. Purchase price stands at $389,000, and rental yield measures 9.41% with $3,049/mo rent. Return on cash invested shows 24.41% in year one, and 5% annual appreciation builds toward $107,474 over five years. Five-year ROI reaches 127.51% and total cumulative return in cash records $164,430. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,049/mo property income covering a $1,904/mo payment rather than investor’s personal income.
Single Family
Built in 1975
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48864, Okemos, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,559 (100%) |
| Owner Occupied HU | 6,293 (65.8%) |
| Renter Occupied HU | 2,783 (29.1%) |
| Vacant Housing Units | 483 ( 5.1%) |
| Median Home Value | $358,401 |
| Average Home Value | $397,029 |
Housing Distribution
Address Breakdown
Residential
9,606
Single Family
8,361
Multi-Family
1,245
Businesses
850
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices