23916 Old 16 RdCentrevilleMI49032
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 Centreville at 23916 Old 16 Rd, Centreville, MI, 49032 listed at $1,399,999 pairs $4,432/mo rent with a $6,852/mo payment. Total monthly income runs $4,432/mo. Return on cash invested measures 7.6% in year one, and rental yield registers 3.8% at a $1,399,999 basis. Equity gained on principal adds $9,034/yr, and annual property appreciation at 5% supports $386,794 by year five. Five-year ROI tracks 37.3% and total cumulative return in cash totals $169,207. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,432/mo property income relative to a $6,852/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2005
0.80 Acres lot
$N/A/sqft
$333 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49032, Centreville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,116 (100%) |
| Owner Occupied HU | 846 (75.8%) |
| Renter Occupied HU | 191 (17.1%) |
| Vacant Housing Units | 79 ( 7.1%) |
| Median Home Value | $215,546 |
| Average Home Value | $239,232 |
Housing Distribution
Address Breakdown
Residential
948
Single Family
896
Multi-Family
52
Businesses
124
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Listed by: Debbie Doe • RE/MAX Elite Group
Mls Name: MichRIC
Mls Provider:
Mls ID: #25026926
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.