2346 N Poplar AveWhite CloudMI49349
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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
Rental property for sale in White Cloud at 2346 N Poplar Ave, White Cloud, MI, 49349 offers $1,652/mo rent that, after a $1,101/mo payment, leaves $169/mo cash flow. Total monthly income is $1,652/mo, and annual cash flow is $2,022/yr on $74,588 cash. Return on cash invested measures 22.62% in year one, and rental yield stands at 8.81% at a $225,000 entry. Equity gained on principal adds $1,452/yr while 5% annual appreciation compounds into $62,163 by year five. Five-year ROI records 117.96% and total cumulative return in cash reaches $87,981. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,652/mo property income versus a $1,101/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in N/A
39.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49349, White Cloud, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,334 (100%) |
| Owner Occupied HU | 2,768 (63.9%) |
| Renter Occupied HU | 512 (11.8%) |
| Vacant Housing Units | 1,054 (24.3%) |
| Median Home Value | $179,401 |
| Average Home Value | $243,816 |
Housing Distribution
Address Breakdown
Residential
3,390
Single Family
3,303
Multi-Family
87
Businesses
131
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Nearby investment properties with comparable prices
Listed by: Lois Waldron • Century 21 Rockgate
Mls Name: MichRIC
Mls Provider:
Mls ID: #24038129
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.