2247 H Dr SEast LeroyMI49051
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 East Leroy at 2247 H Dr S, East Leroy, MI, 49051 generates $2,317/mo in rent and, after a $1,468/mo payment, leaves $339/mo in cash flow. Total monthly income is $2,317/mo, and annual cash flow is $4,070/yr on $99,417 invested. Return on cash invested sits at 24% in year one, and rental yield is 9.27% on a $299,900 entry. Equity gained on principal adds $1,935/yr, while 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 125.37% and total cumulative return in cash sums $124,636. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,317/mo property income rather than buyer’s personal income.
Single Family
Built in 1930
3.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49051, East Leroy, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 923 (100%) |
| Owner Occupied HU | 837 (90.7%) |
| Renter Occupied HU | 59 ( 6.4%) |
| Vacant Housing Units | 27 ( 2.9%) |
| Median Home Value | $281,459 |
| Average Home Value | $320,872 |
Housing Distribution
Address Breakdown
Residential
971
Single Family
970
Multi-Family
1
Businesses
34
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Nearby investment properties with comparable prices
Listed by: Andrew Frantz • RE/MAX Perrett Associates
Mls Name: MichRIC
Mls Provider:
Mls ID: #24063048
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.