2251 E Litchfield RdJonesvilleMI49250
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 Jonesville at 2251 E Litchfield Rd, Jonesville, MI, 49250 at $362,000 posts ROI 19.06% with from $2,302/mo rent. Total monthly income equals $2,302/mo. Return on cash invested measures 19.06% and rental yield reads 7.63% at the current $362,000. Equity gained on principal adds $2,336/yr, and 5% annual appreciation supports $100,014 by year five. Five-year ROI prints 98.81% and total cumulative return in cash totals $118,573. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,302/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1974
10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49250, Jonesville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,553 (100%) |
| Owner Occupied HU | 1,922 (75.3%) |
| Renter Occupied HU | 433 (17.0%) |
| Vacant Housing Units | 198 ( 7.8%) |
| Median Home Value | $174,771 |
| Average Home Value | $201,833 |
Housing Distribution
Address Breakdown
Residential
2,436
Single Family
2,262
Multi-Family
174
Businesses
186
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Diana Carson • Key Realty One, LLC
Mls Name: MichRIC
Mls Provider:
Mls ID: #24049207
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.