223 Schuring RdPortageMI49024
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 Portage at 223 Schuring Rd, Portage, MI, 49024 with 5% annual appreciation on a $300,000 basis while $2,528/mo rent supports operations. Total monthly income totals $2,528/mo and a $1,468/mo payment preserves $550/mo for cash returns. Annual cash flow comes to $6,600/yr on $99,450 deployed, and return on cash invested reaches 26.55% in year one. Equity gained on principal adds $1,936/yr, and five-year appreciation sums $82,884 alongside rental yield of 10.11%. Five-year ROI measures 138.94% and total cumulative return in cash totals $138,180.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,528/mo property income versus a $1,468/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1965
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49024, Portage, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,522 (100%) |
| Owner Occupied HU | 8,953 (66.2%) |
| Renter Occupied HU | 3,895 (28.8%) |
| Vacant Housing Units | 674 ( 5.0%) |
| Median Home Value | $300,516 |
| Average Home Value | $336,610 |
Housing Distribution
Address Breakdown
Residential
13,102
Single Family
11,134
Multi-Family
1,968
Businesses
800
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
