228 W Center StConcordMI49237
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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 Concord at 228 W Center St, Concord, MI, 49237 generates $1,628/mo in rent and, after a $893/mo payment, leaves $425/mo in cash flow. Total monthly income is $1,628/mo, and annual cash flow is $5,097/yr on $60,499 invested. Return on cash invested sits at 28.33% in year one, and rental yield is 10.7% on a $182,500 entry. Equity gained on principal adds $1,178/yr, while 5% annual appreciation builds toward $50,421 over five years. Five-year ROI reaches 148.56% and total cumulative return in cash sums $89,878. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,628/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49237, Concord, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,278 (100%) |
| Owner Occupied HU | 1,029 (80.5%) |
| Renter Occupied HU | 142 (11.1%) |
| Vacant Housing Units | 107 ( 8.4%) |
| Median Home Value | $234,517 |
| Average Home Value | $255,493 |
Housing Distribution
Address Breakdown
Residential
1,115
Single Family
1,115
Multi-Family
0
Businesses
68
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