2230 Belding AveFenwickMI48834
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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
Rental property for sale in Fenwick at 2230 Belding Ave, Fenwick, MI, 48834 generates $1,294/mo in rent, after a $979/mo payment. Total monthly income is $1,294/mo. Return on cash invested sits at 19.46% in year one, and rental yield is 7.76% on a $200,000 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 100.93% and total cumulative return in cash sums $66,920. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,294/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48834, Fenwick, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,061 (100%) |
| Owner Occupied HU | 844 (79.5%) |
| Renter Occupied HU | 119 (11.2%) |
| Vacant Housing Units | 98 ( 9.2%) |
| Median Home Value | $221,131 |
| Average Home Value | $260,749 |
Housing Distribution
Address Breakdown
Residential
926
Single Family
926
Multi-Family
0
Businesses
9
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