238 Long AveMichigan CenterMI49254
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
Investment property for sale in Michigan Center at 238 Long Ave, Michigan Center, MI, 49254 at $151,400 posts ROI 33.65% with $575/mo cash flow from $1,573/mo rent. Total monthly income equals $1,573/mo, and annual cash flow records $6,895/yr on $50,189 to close. Return on cash invested measures 33.65% and rental yield reads 12.47% at the current $151,400. Equity gained on principal adds $977/yr, and 5% annual appreciation supports $41,829 by year five. Five-year ROI prints 177.08% and total cumulative return in cash totals $88,873.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,573/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1940
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49254, Michigan Center, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,517 (100%) |
| Owner Occupied HU | 1,167 (76.9%) |
| Renter Occupied HU | 227 (15.0%) |
| Vacant Housing Units | 123 ( 8.1%) |
| Median Home Value | $208,133 |
| Average Home Value | $235,548 |
Housing Distribution
Address Breakdown
Residential
1,436
Single Family
1,432
Multi-Family
4
Businesses
191
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Korey Rowlson • Five Star Real Estate-Jackson
Mls Name: MichRIC
Mls Provider:
Mls ID: #25025582
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.