2388 138th AveDorrMI49323
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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 Dorr at 2388 138th Ave, Dorr, MI, 49323 earns from $2,494/mo rent with a $2,291/mo payment. Total monthly income totals $2,494/mo. ROI tracks 15.33% on current figures, and rental yield reads 6.39% at a $468,000 purchase. Equity gained on principal adds $3,020/yr, and 5% annual appreciation supports $129,300 over five years. Five-year ROI reaches 78.81% and total cumulative return in cash sums $122,261. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,494/mo property income instead of your personal income.
Single Family
Built in 1993
12 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49323, Dorr, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,890 (100%) |
| Owner Occupied HU | 3,447 (88.6%) |
| Renter Occupied HU | 222 ( 5.7%) |
| Vacant Housing Units | 221 ( 5.7%) |
| Median Home Value | $285,462 |
| Average Home Value | $315,355 |
Housing Distribution
Address Breakdown
Residential
3,611
Single Family
3,611
Multi-Family
0
Businesses
159
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