23240 26 Mile RdOlivetMI49076
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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 Olivet at 23240 26 Mile Rd, Olivet, MI, 49076 generates $1,020/mo in rent, after a $759/mo payment. Total monthly income is $1,020/mo. Return on cash invested sits at 19.85% in year one, and rental yield is 7.9% on a $155,000 entry. Equity gained on principal adds $1,000/yr, while 5% annual appreciation builds toward $42,824 over five years. Five-year ROI reaches 103.12% and total cumulative return in cash sums $52,984. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,020/mo property income rather than buyer’s personal income.
Manufactured
Built in 1991
1.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49076, Olivet, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,550 (100%) |
| Owner Occupied HU | 1,189 (76.7%) |
| Renter Occupied HU | 217 (14.0%) |
| Vacant Housing Units | 144 ( 9.3%) |
| Median Home Value | $256,538 |
| Average Home Value | $284,251 |
Housing Distribution
Address Breakdown
Residential
1,507
Single Family
1,422
Multi-Family
85
Businesses
95
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