23494 Lynn AveCassopolisMI49031
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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 Cassopolis at 23494 Lynn Ave, Cassopolis, MI, 49031 uses $56,355 cash to close to unlock $16,476/yr annual cash flow and $1,373/mo monthly cash flow. Total monthly income runs $2,494/mo, and a $832/mo payment keeps the spread at $1,373/mo. Purchase price stands at $170,000, and rental yield measures 17.6% with $2,494/mo rent. Return on cash invested shows 49.15% in year one, and 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 260.14% and total cumulative return in cash records $146,601. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,494/mo property income covering a $832/mo payment rather than investor’s personal income.
Manufactured
Built in 2001
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49031, Cassopolis, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,906 (100%) |
| Owner Occupied HU | 2,321 (59.4%) |
| Renter Occupied HU | 698 (17.9%) |
| Vacant Housing Units | 887 (22.7%) |
| Median Home Value | $235,565 |
| Average Home Value | $333,543 |
Housing Distribution
Address Breakdown
Residential
3,166
Single Family
3,039
Multi-Family
127
Businesses
207
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Listed by: Elizabeth Van Leeuwen • Bon Realty
Mls Name: MichRIC
Mls ID: #25036656