222 Scribner StDeltonMI49046
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 Delton at 222 Scribner St, Delton, MI, 49046 priced at $185,000 converts $2,680/mo rent into $1,461/mo cash flow after a $905/mo obligation. Total monthly income equals $2,680/mo, and annual cash flow totals $17,526/yr on $61,328 invested. Return on cash invested prints 48.49% in year one, and rental yield reads 17.38% against a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation compiles into $51,112 by year five. Five-year ROI reaches 256.65% and total cumulative return in cash sums $157,395. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,680/mo property income covering a $905/mo payment, not borrower’s personal income.
Single Family
Built in 1900
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49046, Delton, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,745 (100%) |
| Owner Occupied HU | 2,643 (70.6%) |
| Renter Occupied HU | 349 ( 9.3%) |
| Vacant Housing Units | 753 (20.1%) |
| Median Home Value | $284,855 |
| Average Home Value | $355,428 |
Housing Distribution
Address Breakdown
Residential
3,168
Single Family
3,146
Multi-Family
22
Businesses
139
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