2351 Summit Cedar DrHowellMI48855
Nearby investment properties with comparable rents
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 Howell at 2351 Summit Cedar Dr, Howell, MI, 48855 priced at $325,000 converts $1,906/mo rent into after a $1,591/mo obligation. Total monthly income equals $1,906/mo. Return on cash invested prints 16.71% in year one, and rental yield reads 7.04% against a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation compiles into $89,792 by year five. Five-year ROI reaches 86.42% and total cumulative return in cash sums $93,109. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,906/mo property income covering a $1,591/mo payment, not borrower’s personal income.
Single Family
Built in 1998
N/A lot
$N/A/sqft
$600 annually HOA
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Nearby investment properties with comparable prices
Listed by: Ty Jackson • EXP Realty Main
Mls Name: Realcomp II
Mls Provider:
Mls ID: #20250021219
Disclaimer: IDX provided courtesy of Realcomp II Ltd. via Zillow, Inc and MLS Copyright 2025 Realcomp II Ltd. Shareholders IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. The data relating to real estate properties on this website was last updated as recently as 2025-04-01 02:39:36 PDT Listing Information presented by local MLS brokerage: Zillow, Inc., REALTOR- Lauren Buttazzoni - (313) 479-2702