24224 3rd AveMattawanMI49071
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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 Mattawan at 24224 3rd Ave, Mattawan, MI, 49071 earns $809/mo cash flow from $1,620/mo rent with a $602/mo payment. Total monthly income totals $1,620/mo, and annual cash flow totals $9,707/yr on $40,775 capital. ROI tracks 43.72% on current figures, and rental yield reads 15.8% at a $123,000 purchase. Equity gained on principal adds $794/yr, and 5% annual appreciation supports $33,983 over five years. Five-year ROI reaches 231.03% and total cumulative return in cash sums $94,201. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,620/mo property income instead of your personal income.
Single Family
Built in 1836
0.40 Acres 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
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