24099 3rd AveMattawanMI49071
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 Mattawan at 24099 3rd Ave, Mattawan, MI, 49071 generates $1,697/mo in rent and, after a $1,013/mo payment, leaves $332/mo in cash flow. Total monthly income is $1,697/mo, and annual cash flow is $3,985/yr on $68,621 invested. Return on cash invested sits at 25.72% in year one, and rental yield is 9.84% on a $207,000 entry. Equity gained on principal adds $1,336/yr, while 5% annual appreciation builds toward $57,190 over five years. Five-year ROI reaches 134.56% and total cumulative return in cash sums $92,338. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,697/mo property income rather than buyer’s personal income.
Single Family
Built in 1907
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49071, Mattawan, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,081 (100%) |
| Owner Occupied HU | 3,469 (85.0%) |
| Renter Occupied HU | 437 (10.7%) |
| Vacant Housing Units | 175 ( 4.3%) |
| Median Home Value | $284,983 |
| Average Home Value | $339,384 |
Housing Distribution
Address Breakdown
Residential
4,289
Single Family
4,241
Multi-Family
48
Businesses
225
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
