222 Brady StChesaningMI48616
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
Rental property for sale in Chesaning at 222 Brady St, Chesaning, MI, 48616 priced at $235,000 pairs $2,602/mo rent with $1,053/mo cash flow after a $1,150/mo payment. Total monthly income equals $2,602/mo, and annual cash flow comes to $12,630/yr on $77,903 invested. Return on cash invested is 36.12% in year one, and rental yield stands at 13.29% on a $235,000 basis. Equity gained on principal adds $1,516/yr, and 5% annual appreciation accumulates to $64,926 by year five. Five-year ROI measures 190.34% and total cumulative return in cash reaches $148,276. For financing, Ziffy Mortgage’s DSCR program evaluates $2,602/mo property income against a $1,150/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1880
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48616, Chesaning, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,089 (100%) |
| Owner Occupied HU | 2,481 (80.3%) |
| Renter Occupied HU | 442 (14.3%) |
| Vacant Housing Units | 166 ( 5.4%) |
| Median Home Value | $183,597 |
| Average Home Value | $214,572 |
Housing Distribution
Address Breakdown
Residential
3,097
Single Family
2,991
Multi-Family
106
Businesses
215
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Listed by: Lori Austerberry • Chesaning Realty
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50167599
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