22899 230th AveParisMI49338
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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 Paris at 22899 230th Ave, Paris, MI, 49338 uses $57,979 cash to close to unlock $1,592/yr annual cash flow and $133/mo monthly cash flow. Total monthly income runs $1,286/mo, and a $856/mo payment keeps the spread at $133/mo. Purchase price stands at $174,900, and rental yield measures 8.82% with $1,286/mo rent. Return on cash invested shows 22.65% in year one, and 5% annual appreciation builds toward $48,322 over five years. Five-year ROI reaches 118.14% and total cumulative return in cash records $68,496. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,286/mo property income covering a $856/mo payment rather than investor’s personal income.
Manufactured
Built in 1995
1.07 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49338, Paris, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 982 (100%) |
| Owner Occupied HU | 691 (70.4%) |
| Renter Occupied HU | 120 (12.2%) |
| Vacant Housing Units | 171 (17.4%) |
| Median Home Value | $181,250 |
| Average Home Value | $208,969 |
Housing Distribution
Address Breakdown
Residential
829
Single Family
829
Multi-Family
0
Businesses
32
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