230 Peachwood LnMount PleasantMI48858
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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 Mount Pleasant at 230 Peachwood Ln, Mount Pleasant, MI, 48858 priced at $129,000 converts $1,283/mo rent into $226/mo cash flow after a $631/mo obligation. Total monthly income equals $1,283/mo, and annual cash flow totals $2,708/yr on $42,764 invested. Return on cash invested prints 26.24% in year one, and rental yield reads 11.93% against a $129,000 entry. Equity gained on principal adds $832/yr, while 5% annual appreciation compiles into $35,640 by year five. Five-year ROI reaches 139.44% and total cumulative return in cash sums $59,629. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,283/mo property income covering a $631/mo payment, not borrower’s personal income.
Condo
Built in 1986
N/A lot
$N/A/sqft
$2,484 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48858, Mount Pleasant, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,876 (100%) |
| Owner Occupied HU | 9,481 (47.7%) |
| Renter Occupied HU | 8,386 (42.2%) |
| Vacant Housing Units | 2,009 (10.1%) |
| Median Home Value | $184,339 |
| Average Home Value | $222,061 |
Housing Distribution
Address Breakdown
Residential
18,999
Single Family
16,469
Multi-Family
2,530
Businesses
1,375
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Listed by: Emma Fuller • HOMETOWNE REALTY
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1929902
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2024 Northern Great Lakes REALTORS MLS. All Rights Reserved.