223 North StAlleganMI49010
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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 Allegan at 223 North St, Allegan, MI, 49010 listed at $157,500 pairs $1,200/mo rent with a $771/mo payment to leave $161/mo cash flow. Total monthly income runs $1,200/mo, and annual cash flow reaches $1,935/yr on $52,211 cash to close. Return on cash invested measures 23.61% in year one, and rental yield registers 9.14% at a $157,500 basis. Equity gained on principal adds $1,016/yr, and annual property appreciation at 5% supports $43,514 by year five. Five-year ROI tracks 123.3% and total cumulative return in cash totals $64,377. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,200/mo property income relative to a $771/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1900
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49010, Allegan, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,995 (100%) |
| Owner Occupied HU | 5,834 (73.0%) |
| Renter Occupied HU | 1,343 (16.8%) |
| Vacant Housing Units | 818 (10.2%) |
| Median Home Value | $253,605 |
| Average Home Value | $286,559 |
Housing Distribution
Address Breakdown
Residential
7,618
Single Family
7,132
Multi-Family
486
Businesses
470
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