2230 N 56th AveMearsMI49436
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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 Mears at 2230 N 56th Ave, Mears, MI, 49436 uses $99,119 cash to close to unlock $632/yr annual cash flow and $53/mo monthly cash flow. Total monthly income runs $2,024/mo, and a $1,463/mo payment keeps the spread at $53/mo. Purchase price stands at $299,000, and rental yield measures 8.12% with $2,024/mo rent. Return on cash invested shows 20.55% in year one, and 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 106.8% and total cumulative return in cash records $105,862. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,024/mo property income covering a $1,463/mo payment rather than investor’s personal income.
Single Family
Built in 1929
1.73 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49436, Mears, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,262 (100%) |
| Owner Occupied HU | 646 (28.6%) |
| Renter Occupied HU | 110 ( 4.9%) |
| Vacant Housing Units | 1,506 (66.6%) |
| Median Home Value | $284,810 |
| Average Home Value | $407,074 |
Housing Distribution
Address Breakdown
Residential
1,156
Single Family
1,156
Multi-Family
0
Businesses
50
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