242 Fowlerville RdFowlervilleMI48836
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 Fowlerville at 242 Fowlerville Rd, Fowlerville, MI, 48836 priced at $400,000 converts $2,698/mo rent into $60/mo cash flow after a $1,958/mo obligation. Total monthly income equals $2,698/mo, and annual cash flow totals $720/yr on $132,600 invested. Return on cash invested prints 20.45% in year one, and rental yield reads 8.09% against a $400,000 entry. Equity gained on principal adds $2,581/yr, while 5% annual appreciation compiles into $110,513 by year five. Five-year ROI reaches 106.27% and total cumulative return in cash sums $140,908. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,698/mo property income covering a $1,958/mo payment, not borrower’s personal income.
Single Family
Built in 2005
0.86 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48836, Fowlerville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,501 (100%) |
| Owner Occupied HU | 4,694 (85.3%) |
| Renter Occupied HU | 657 (11.9%) |
| Vacant Housing Units | 150 ( 2.7%) |
| Median Home Value | $278,107 |
| Average Home Value | $325,316 |
Housing Distribution
Address Breakdown
Residential
5,441
Single Family
5,381
Multi-Family
60
Businesses
337
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Nearby investment properties with comparable prices
Listed by: Elena Krumrei • KW Realty Living
Mls Name: MichRIC
Mls Provider:
Mls ID: #25043613
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.