2385 Barber RdHastingsMI49058
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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 Hastings at 2385 Barber Rd, Hastings, MI, 49058 generates $1,799/mo in rent and, after a $1,150/mo payment, leaves $250/mo in cash flow. Total monthly income is $1,799/mo, and annual cash flow is $2,996/yr on $77,869 invested. Return on cash invested sits at 23.76% in year one, and rental yield is 9.19% on a $234,900 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation builds toward $64,899 over five years. Five-year ROI reaches 124.02% and total cumulative return in cash sums $96,573. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,799/mo property income rather than buyer’s personal income.
Single Family
Built in 1960
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49058, Hastings, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,678 (100%) |
| Owner Occupied HU | 6,576 (75.8%) |
| Renter Occupied HU | 1,533 (17.7%) |
| Vacant Housing Units | 569 ( 6.6%) |
| Median Home Value | $241,902 |
| Average Home Value | $285,255 |
Housing Distribution
Address Breakdown
Residential
8,048
Single Family
7,837
Multi-Family
211
Businesses
564
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