25 Potter DrBellevilleMI48111
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 Belleville at 25 Potter Dr, Belleville, MI, 48111 priced at $779,900 converts $5,088/mo rent into after a $3,817/mo obligation. Total monthly income equals $5,088/mo. Return on cash invested prints 19.8% in year one, and rental yield reads 7.83% against a $779,900 entry. Equity gained on principal adds $5,033/yr, while 5% annual appreciation compiles into $215,472 by year five. Five-year ROI reaches 102.79% and total cumulative return in cash sums $263,745. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,088/mo property income covering a $3,817/mo payment, not borrower’s personal income.
Single Family
Built in 1939
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48111, Belleville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,990 (100%) |
| Owner Occupied HU | 13,158 (65.8%) |
| Renter Occupied HU | 5,714 (28.6%) |
| Vacant Housing Units | 1,118 ( 5.6%) |
| Median Home Value | $271,917 |
| Average Home Value | $286,480 |
Housing Distribution
Address Breakdown
Residential
19,973
Single Family
17,138
Multi-Family
2,835
Businesses
655
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Douglas Geidner • Team Geidner Investments PC
Mls Name: MichRIC
Mls Provider:
Mls ID: #24042343
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.