247 N Delano RdAu GresMI48703
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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 Au Gres at 247 N Delano Rd, Au Gres, MI, 48703 offers a 8.88% rental yield on a $279,900 purchase with $2,071/mo rent. Total monthly income registers $2,071/mo, and a $1,370/mo payment leaves $225/mo available for distribution. Annual cash flow reaches $2,702/yr on $92,787 to close, and return on cash invested stands at 22.82% in year one. Equity gained on principal adds $1,806/yr while 5% annual appreciation supports $77,331 over five years. Portfolio math shows five-year ROI at 119.04% and total cumulative return in cash at $110,449. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,071/mo property income against a $1,370/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
1.89 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48703, Au Gres, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,923 (100%) |
| Owner Occupied HU | 1,325 (45.3%) |
| Renter Occupied HU | 216 ( 7.4%) |
| Vacant Housing Units | 1,382 (47.3%) |
| Median Home Value | $204,223 |
| Average Home Value | $248,306 |
Housing Distribution
Address Breakdown
Residential
1,588
Single Family
1,528
Multi-Family
60
Businesses
108
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Nearby investment properties with comparable prices
Listed by: Terrie Clark-Newman • Keller Williams Northern Michi
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1922436
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2024 Northern Great Lakes REALTORS MLS. All Rights Reserved.